Transense Technologies (LON:TRT) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.20 and traded as low as GBX 48.28. Transense Technologies shares last traded at GBX 48.28, with a volume of 79,301 shares traded.

Transense Technologies Trading Up 0.4%

The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95. The firm has a market cap of £7.41 million, a PE ratio of 8.95 and a beta of 0.38. The company’s 50 day moving average price is GBX 57.09 and its 200 day moving average price is GBX 78.

Insider Activity at Transense Technologies

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

Transense Technologies Company Profile

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.