Transense Technologies (LON:TRT) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 122.46 ($1.63) and traded as high as GBX 131.25 ($1.75). Transense Technologies shares last traded at GBX 129 ($1.72), with a volume of 19,780 shares traded.

Transense Technologies Price Performance

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 50-day moving average price is GBX 122.46 and its 200 day moving average price is GBX 148.57. The firm has a market cap of £19.21 million, a price-to-earnings ratio of 12.42 and a beta of 0.38.

Transense Technologies (LON:TRT) last posted its quarterly earnings results on Tuesday, February 18th. The company reported GBX 3.61 ($0.05) EPS for the quarter. Transense Technologies had a return on equity of 30.05% and a net margin of 37.44%. Equities research analysts predict that Transense Technologies plc will post 11.0073382 earnings per share for the current year.

Insider Buying and Selling

In other Transense Technologies news, insider Nigel Rogers acquired 2,500 shares of Transense Technologies stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of GBX 122 ($1.62) per share, with a total value of £3,050 ($4,057.47). Also, insider Melvyn Segal bought 3,528 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of GBX 128 ($1.70) per share, for a total transaction of £4,515.84 ($6,007.50). Insiders bought a total of 12,658 shares of company stock valued at $1,623,794 over the last ninety days. 14.82% of the stock is 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.