Seeing Machines (LON:SEE) Trading Down 7.3% – Should You Sell?

Seeing Machines Limited (LON:SEE) shares dropped 7.3% on Tuesday . The stock traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.30 ($0.05). Approximately 15,355,262 shares traded hands during trading, an increase of 70% from the average daily volume of 9,022,721 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Stock Performance

The business’s 50-day simple moving average is GBX 3.84 and its 200 day simple moving average is GBX 4.46. The firm has a market cap of £166.40 million, a P/E ratio of -400.00 and a beta of 1.15. The company has a debt-to-equity ratio of 100.98, a quick ratio of 3.50 and a current ratio of 2.72.

Insider Buying and Selling

In other news, insider Kate Hill acquired 200,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,360.94). Also, insider Michael Brown sold 159,652,752 shares of Seeing Machines stock in a transaction dated 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 ($9,867,289.99). 13.37% of the stock is owned by insiders.

About Seeing Machines

Seeing Machines Limited, together with its subsidiaries, provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.