Transense Technologies (LON:TRT) Stock Crosses Below 200-Day Moving Average – What’s Next?

Transense Technologies plc (LON:TRT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 136.04 ($1.83) and traded as low as GBX 121 ($1.63). Transense Technologies shares last traded at GBX 126.88 ($1.71), with a volume of 98,153 shares traded.

Transense Technologies Stock Up 1.5%

The company has a market cap of £19.31 million, a price-to-earnings ratio of 1,346.87 and a beta of 0.38. The company has a debt-to-equity ratio of 7.26, a current ratio of 5.17 and a quick ratio of 2.95. The firm has a 50-day moving average price of GBX 130.28 and a 200 day moving average price of GBX 136.04.

Transense Technologies (LON:TRT) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 9.25 earnings per share for the quarter. Transense Technologies had a return on equity of 30.05% and a net margin of 37.44%. Sell-side analysts predict that Transense Technologies plc will post 11.0073382 EPS for the current year.

Insider Buying and Selling at Transense Technologies

In related news, insider Ryan Maughan purchased 8,710 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average cost of GBX 143 per share, for a total transaction of £12,455.30. Insiders own 46.07% of the company’s stock.

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.