Transense Technologies (LON:TRT) Reaches New 1-Year Low – What’s Next?

Transense Technologies plc (LON:TRT) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 56 and last traded at GBX 56, with a volume of 20833 shares traded. The stock had previously closed at GBX 57.

Transense Technologies Stock Down 1.8%

The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 14.22. The company has a market cap of £8.52 million, a price-to-earnings ratio of 10.29 and a beta of 0.38. The stock has a fifty day moving average price of GBX 61.53 and a two-hundred day moving average price of GBX 86.80.

Insiders Place Their Bets

In other news, insider Nigel Rogers bought 12,500 shares of the company’s stock in a transaction dated 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 bought 14,113 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 71 per share, with a total value of £10,020.23. 46.27% of the stock is currently owned by company insiders.

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.