Seeing Machines (LON:SEE) Trading Down 19.6% – Time to Sell?

Seeing Machines Limited (LON:SEE) traded down 19.6% on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.06 ($0.04). Approximately 79,443,016 shares traded hands during mid-day trading, an increase of 1,192% from the average session volume of 6,150,829 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Trading Down 19.7 %

The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50. The company’s fifty day moving average price is GBX 4.16 and its 200-day moving average price is GBX 4.31. The stock has a market cap of £189.61 million, a price-to-earnings ratio of -5.15 and a beta of 1.15.

Insiders Place Their Bets

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

Seeing Machines Company Profile

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.