Transense Technologies (LON:TRT) Shares Down 34.7% – Time to Sell?

Transense Technologies plc (LON:TRTGet Free Report) was down 34.7% on Friday . The stock traded as low as GBX 70 and last traded at GBX 73.46. Approximately 124,076 shares traded hands during trading, an increase of 381% from the average daily volume of 25,810 shares. The stock had previously closed at GBX 112.50.

Transense Technologies Price Performance

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 stock has a market capitalization of £11.03 million, a price-to-earnings ratio of 8.03 and a beta of 0.38. The stock has a fifty day moving average of GBX 125.73 and a 200-day moving average of GBX 125.56.

About Transense Technologies

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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.

Further Reading

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