Seeing Machines (LON:SEE) Shares Up 9.7% - Here's What Happened

Seeing Machines Limited (LON:SEE - Get Free Report)'s share price shot up 9.7% during mid-day trading on Tuesday . The company traded as high as GBX 2.35 ($0.03) and last traded at GBX 2.19 ($0.03). 3,553,692 shares changed hands during trading, a decline of 45% from the average session volume of 6,488,304 shares. The stock had previously closed at GBX 2 ($0.03).

Seeing Machines Stock Up 6.5 %

The company has a quick ratio of 3.50, a current ratio of 1.89 and a debt-to-equity ratio of 137.68. The stock has a market capitalization of £142.67 million, a PE ratio of -3.87 and a beta of 1.15. The firm's fifty day moving average is GBX 3.31 and its 200-day moving average is GBX 3.90.

Insider Transactions at Seeing Machines

In other news, insider Stephane Vedie purchased 1,170,000 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of GBX 4 ($0.05) per share, with a total value of £46,800 ($60,574.68). Also, insider Kate Hill acquired 200,000 shares of Seeing Machines stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,943.31). Company insiders own 13.37% of the company's stock.

Seeing Machines Company Profile

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.