Transense Technologies (LON:TRT) Sets New 52-Week Low – What’s Next?

Shares of Transense Technologies plc (LON:TRT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 56 and last traded at GBX 59, with a volume of 226565 shares changing hands. The stock had previously closed at GBX 60.25.

Transense Technologies Trading Down 2.1%

The firm has a 50-day simple moving average of GBX 65.69 and a 200-day simple moving average of GBX 99.10. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 14.22. The stock has a market cap of £8.98 million, a PE ratio of 10.85 and a beta of 0.38.

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

Insiders Place Their Bets

In related news, insider Ryan Maughan purchased 14,113 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 71 per share, for a total transaction of £10,020.23. 46.07% of the stock is owned by insiders.

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.