Transense Technologies (LON:TRT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 134.01 and traded as low as GBX 115.75. Transense Technologies shares last traded at GBX 115.75, with a volume of 4,604 shares changing hands.

Transense Technologies Stock Down 1.5%

The firm has a market cap of £17.62 million, a P/E ratio of 12.82 and a beta of 0.38. The company has a quick ratio of 2.95, a current ratio of 5.17 and a debt-to-equity ratio of 7.26. The firm has a fifty day moving average of GBX 117.09 and a 200-day moving average of GBX 134.01.

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

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.