Transense Technologies (LON:TRT) Trading Down 13.5% – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price fell 13.5% during mid-day trading on Monday . The stock traded as low as GBX 47 and last traded at GBX 48.63. Approximately 219,782 shares traded hands during trading, an increase of 266% from the average session volume of 60,123 shares. The stock had previously closed at GBX 56.25.

Transense Technologies Price Performance

The firm has a market cap of £7.40 million, a P/E ratio of 8.94 and a beta of 0.38. The company has a fifty day moving average of GBX 59.92 and a 200-day moving average of GBX 82.81. The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95.

Insider Buying and Selling at Transense Technologies

In other news, insider Ryan Maughan bought 16,654 shares of Transense Technologies stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of GBX 48 per share, for a total transaction of £7,993.92. Also, insider Nigel Rogers bought 12,500 shares of the stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of GBX 58 per share, with a total value of £7,250. Corporate insiders own 46.27% of the company’s stock.

About Transense Technologies

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.