Transense Technologies (LON:TRT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 105.63 and traded as low as GBX 66. Transense Technologies shares last traded at GBX 66, with a volume of 10,804 shares.

Transense Technologies Stock Performance

The company has a market cap of £10.05 million, a P/E ratio of 12.13 and a beta of 0.38. The business’s 50 day simple moving average is GBX 75.51 and its 200 day simple moving average is GBX 105.63. The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 14.22.

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

Insiders Place Their Bets

In other news, insider Ryan Maughan bought 14,113 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of GBX 71 per share, with a total value of £10,020.23. Corporate insiders own 46.07% 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.