Seeing Machines (LON:SEE) Stock Price Down 14% – Here’s What Happened

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

Seeing Machines Trading Down 18.4 %

The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The firm has a market capitalization of £192.72 million, a P/E ratio of -5.23 and a beta of 1.15. The firm has a 50 day simple moving average of GBX 4.16 and a two-hundred day simple moving average of GBX 4.31.

Insider Activity at Seeing Machines

In other Seeing Machines news, insider Stephane Vedie purchased 1,170,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was bought 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 on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($10,117,411.41). 13.37% of the stock is owned by 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.