Seeing Machines (LON:SEE) Shares Down 5.5% – Here’s What Happened

Seeing Machines Limited (LON:SEE) shares dropped 5.5% during trading on Wednesday . The company traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 8,467,205 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Stock Performance

The company has a market cap of £178.88 million, a price-to-earnings ratio of -430.00 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. The company has a fifty day moving average of GBX 3.84 and a two-hundred day moving average of GBX 4.46.

Insider Activity

In related news, insider Kate Hill bought 200,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,475.05). Also, insider Michael Brown sold 159,652,752 shares of the company’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 ($9,958,380.24). Insiders own 13.37% of the company’s stock.

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.