Transense Technologies (LON:TRT) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 135.23 ($1.80) and traded as low as GBX 112.50 ($1.50). Transense Technologies shares last traded at GBX 115 ($1.53), with a volume of 566 shares traded.

Transense Technologies Stock Performance

The firm has a market capitalization of £17.50 million, a price-to-earnings ratio of 12.74 and a beta of 0.38. The stock’s fifty day moving average is GBX 122.41 and its two-hundred day moving average is GBX 135.23. The company has a quick ratio of 2.95, a current ratio of 5.17 and a debt-to-equity ratio of 7.26.

Transense Technologies (LON:TRT) last issued its earnings results on Tuesday, September 23rd. The company reported GBX 9.25 earnings per share for the quarter. Transense Technologies had a net margin of 37.44% and a return on equity of 30.05%. On average, analysts predict that Transense Technologies plc will post 11.0073382 earnings per share for the current year.

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.