SRT Marine Systems (LON:SRT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

SRT Marine Systems plc (LON:SRT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.81 and traded as high as GBX 85. SRT Marine Systems shares last traded at GBX 81, with a volume of 370,471 shares traded.

SRT Marine Systems Trading Up 1.0%

The firm has a market cap of £223.32 million, a price-to-earnings ratio of 81.80 and a beta of 0.46. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 64.06. The business has a 50 day moving average price of GBX 80.07 and a 200-day moving average price of GBX 84.78.

Insiders Place Their Bets

In other news, insider Oliver Plunkett acquired 190,456 shares of the stock in a transaction on Monday, July 27th. The stock was bought at an average price of GBX 78 per share, with a total value of £148,555.68. 17.55% of the stock is currently owned by corporate insiders.

SRT Marine Systems Company Profile

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking System, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for monitoring, managing, and controlling fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and controlling system for maritime infrastructure, ports, and waterways.