Transense Technologies (LON:TRT) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Transense Technologies plc (LON:TRT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 139.62 ($1.86) and traded as low as GBX 136.50 ($1.81). Transense Technologies shares last traded at GBX 138 ($1.83), with a volume of 9,860 shares.

Transense Technologies Stock Up 0.9%

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 has a market cap of £20.73 million, a PE ratio of 13.40 and a beta of 0.38. The business’s 50-day simple moving average is GBX 154.56 and its 200 day simple moving average is GBX 139.47.

Insider Buying and Selling

In related news, insider Ryan Maughan bought 8,710 shares of the company’s stock in a transaction on Monday, July 21st. The shares were acquired at an average price of GBX 143 ($1.90) per share, with a total value of £12,455.30 ($16,554.09). Insiders have purchased a total of 12,430 shares of company stock valued at $1,744,010 over the last ninety days. Insiders own 14.82% of the company’s stock.

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.