Transense Technologies (LON:TRT) Sets New 12-Month Low – Time to Sell?

Transense Technologies plc (LON:TRT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 62 and last traded at GBX 62.50, with a volume of 72068 shares. The stock had previously closed at GBX 65.50.

Transense Technologies Trading Down 0.8%

The stock has a market cap of £9.44 million, a PE ratio of 6.87 and a beta of 0.38. The company has a quick ratio of 2.95, a current ratio of 5.17 and a debt-to-equity ratio of 7.26. The stock’s fifty day moving average price is GBX 115.24 and its 200 day moving average price is GBX 120.18.

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.