Transense Technologies (LON:TRT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 74.92 and traded as low as GBX 48.50. Transense Technologies shares last traded at GBX 48.65, with a volume of 1,000 shares traded.

Transense Technologies Price Performance

The company’s 50 day moving average price is GBX 56.12 and its 200-day moving average price is GBX 74.92. The company has a market capitalization of £7.40 million, a PE ratio of 8.94 and a beta of 0.38. The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 10.90.

Insiders Place Their Bets

In other news, insider Nigel Rogers acquired 12,500 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were bought at an average cost of GBX 58 per share, for a total transaction of £7,250. Also, insider Ryan Maughan acquired 16,654 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of GBX 48 per share, for a total transaction of £7,993.92. 46.38% of the stock is currently 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.