Seeing Machines (LON:SEE) Stock Price Down 14% – Time to Sell?

Seeing Machines Limited (LON:SEE) was down 14% during mid-day trading on Wednesday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.27 ($0.04). Approximately 70,315,383 shares were traded during mid-day trading, an increase of 1,087% from the average daily volume of 5,922,638 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The company’s 50-day moving average price is GBX 4.16 and its two-hundred day moving average price is GBX 4.31. The company has a market capitalization of £203.10 million, a price-to-earnings ratio of -5.52 and a beta of 1.15. The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50.

Insider Activity

In related news, insider Michael Brown sold 159,652,752 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total transaction of £7,982,637.60 ($10,117,411.41). Also, insider Stephane Vedie acquired 1,170,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of GBX 4 ($0.05) per share, with a total value of £46,800 ($59,315.59). 13.37% of the stock is owned by company insiders.

About Seeing Machines

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.