Transense Technologies (LON:TRT) Stock Passes Below 200 Day Moving Average – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 91.50 and traded as low as GBX 60.18. Transense Technologies shares last traded at GBX 60.18, with a volume of 6,817 shares trading hands.

Transense Technologies Price Performance

The business has a 50-day moving average price of GBX 63.46 and a 200 day moving average price of GBX 91.50. The stock has a market cap of £9.16 million, a PE ratio of 11.06 and a beta of 0.38. The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 14.22.

Transense Technologies (LON:TRT) last issued its quarterly earnings data on Tuesday, February 17th. The company reported GBX 0.02 earnings per share (EPS) for the quarter. Transense Technologies had a return on equity of 12.05% and a net margin of 16.10%. As a group, research analysts forecast that Transense Technologies plc will post 11.0073382 earnings per share for the current fiscal year.

Insider Transactions at Transense Technologies

In related news, insider Nigel Rogers acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of GBX 58 per share, with a total value of £7,250. Also, insider Ryan Maughan acquired 14,113 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of GBX 71 per share, for a total transaction of £10,020.23. Corporate insiders own 46.07% of the company’s stock.

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.