Transense Technologies (LON:TRT) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 99.10 and traded as low as GBX 60.50. Transense Technologies shares last traded at GBX 60.50, with a volume of 143,011 shares.

Transense Technologies Trading Up 0.4%

The company has a debt-to-equity ratio of 14.22, a quick ratio of 2.95 and a current ratio of 4.43. The firm has a fifty day moving average price of GBX 65.69 and a 200 day moving average price of GBX 99.10. The company has a market cap of £9.21 million, a price-to-earnings ratio of 11.12 and a beta of 0.38.

Transense Technologies (LON:TRT) last issued its 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%. As a group, equities analysts predict that Transense Technologies plc will post 11.0073382 EPS for the current fiscal year.

Insider Activity

In other news, insider Ryan Maughan bought 14,113 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of GBX 71 per share, with a total value of £10,020.23. Insiders own 46.07% of the company’s stock.

About Transense Technologies

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.