Transense Technologies (LON:TRT) Sets New 52-Week Low – Should You Sell?

Transense Technologies plc (LON:TRT) shares reached a new 52-week low on Thursday . The company traded as low as GBX 45 and last traded at GBX 46, with a volume of 2475 shares. The stock had previously closed at GBX 45.50.

Transense Technologies Price Performance

The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95. The stock has a 50 day simple moving average of GBX 47.92 and a two-hundred day simple moving average of GBX 57.13. The company has a market cap of £6.94 million, a price-to-earnings ratio of 8.38 and a beta of 0.38.

Insider Buying and Selling

In other news, insider Ryan Maughan purchased 16,654 shares of Transense Technologies stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of GBX 48 per share, with a total value of £7,993.92. 46.38% of the stock is owned by company insiders.

About Transense Technologies

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.