Seeing Machines (LON:SEE) Stock Price Down 7.6% - Time to Sell?

Seeing Machines Limited (LON:SEE - Get Free Report)'s stock price dropped 7.6% during mid-day trading on Tuesday . The company traded as low as GBX 1.78 ($0.02) and last traded at GBX 1.94 ($0.03). Approximately 37,310,637 shares changed hands during mid-day trading, an increase of 341% from the average daily volume of 8,465,090 shares. The stock had previously closed at GBX 2.10 ($0.03).

Seeing Machines Trading Up 0.6 %

The firm has a 50-day moving average of GBX 2.80 and a 200 day moving average of GBX 3.66. The company has a market cap of £112.52 million, a P/E ratio of -3.06 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68.

Insiders Place Their Bets

In related news, insider Stephane Vedie acquired 1,170,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were bought at an average price of GBX 4 ($0.05) per share, with a total value of £46,800 ($61,256.54). Company insiders own 13.37% of the company's stock.

About Seeing Machines

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.