Transense Technologies (LON:TRT) Stock Price Down 34.7% – Should You Sell?

Transense Technologies plc (LON:TRT)’s share price dropped 34.7% during mid-day trading on Friday . The company traded as low as GBX 70 and last traded at GBX 73.46. Approximately 124,076 shares were traded during trading, an increase of 381% from the average daily volume of 25,810 shares. The stock had previously closed at GBX 112.50.

Transense Technologies Stock Down 35.1%

The stock has a market capitalization of £11.11 million, a P/E ratio of 8.08 and a beta of 0.38. The company has a current ratio of 5.17, a quick ratio of 2.95 and a debt-to-equity ratio of 7.26. The firm’s fifty day moving average is GBX 126.77 and its 200-day moving average is GBX 126.36.

About Transense Technologies

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.