Seeing Machines (LON:SEE) Shares Down 11.4% – Should You Sell?

Seeing Machines Limited (LON:SEE) shares traded down 11.4% during trading on Wednesday . The company traded as low as GBX 2.29 ($0.03) and last traded at GBX 2.34 ($0.03). 24,607,770 shares were traded during mid-day trading, an increase of 297% from the average session volume of 6,206,242 shares. The stock had previously closed at GBX 2.64 ($0.03).

Seeing Machines Stock Performance

The firm has a fifty day moving average of GBX 3.53 and a 200 day moving average of GBX 4.03. 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 stock has a market capitalization of £145.78 million, a price-to-earnings ratio of -3.96 and a beta of 1.15.

Insiders Place Their Bets

In other Seeing Machines news, insider Stephane Vedie purchased 1,170,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($60,684.65). Also, insider Michael Brown sold 159,652,752 shares of the 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 value of £7,982,637.60 ($10,350,930.50). 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.