Transense Technologies (LON:TRT) Reaches New 1-Year Low – What’s Next?

Shares of Transense Technologies plc (LON:TRT) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 47 and last traded at GBX 48, with a volume of 13990 shares traded. The stock had previously closed at GBX 47.50.

Transense Technologies Stock Performance

The firm has a 50 day moving average of GBX 49.68 and a 200-day moving average of GBX 59.22. The company has a market cap of £7.31 million, a P/E ratio of 8.82 and a beta of 0.38. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 10.90.

Insider Activity at Transense Technologies

In other news, insider Ryan Maughan bought 16,654 shares of Transense Technologies stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of GBX 48 per share, for a total transaction of £7,993.92. Corporate insiders own 46.38% of the company’s stock.

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.