Seeing Machines (LON:SEE) Shares Pass Below Two Hundred Day Moving Average of $5.84

Seeing Machines Limited (LON:SEE) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5.84 ($0.07) and traded as low as GBX 5.50 ($0.07). Seeing Machines shares last traded at GBX 5.65 ($0.07), with a volume of 3,202,700 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on SEE shares. Berenberg Bank reissued a “buy” rating and issued a GBX 10 ($0.13) price objective on shares of Seeing Machines in a research note on Friday, July 21st. Peel Hunt reissued a “buy” rating and issued a GBX 12 ($0.15) price objective on shares of Seeing Machines in a research note on Tuesday, May 16th.

Seeing Machines Price Performance

The company has a market capitalization of £235.04 million, a price-to-earnings ratio of -568.70 and a beta of 1.26. The company’s 50 day simple moving average is GBX 5.61 and its 200-day simple moving average is GBX 5.84. The company has a current ratio of 4.52, a quick ratio of 3.50 and a debt-to-equity ratio of 48.49.

Insiders Place Their Bets

In other news, insider Michael Brown purchased 3,000,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of GBX 5 ($0.06) per share, with a total value of £150,000 ($189,441.78). In related news, insider Martin Ive bought 150,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were acquired at an average cost of GBX 535 ($6.76) per share, with a total value of £802,500 ($1,013,513.51). Also, insider Michael Brown bought 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of GBX 5 ($0.06) per share, for a total transaction of £150,000 ($189,441.78). Insiders have bought 3,205,000 shares of company stock valued at $95,525,000 in the last ninety days. Insiders own 13.56% of the company’s stock.

Seeing Machines Company Profile

Seeing Machines Limited, together with its subsidiaries, provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.