Transense Technologies (LON:TRT) Shares Pass Below 200-Day Moving Average – Time to Sell?

Transense Technologies plc (LON:TRTGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 70.83 and traded as low as GBX 48.28. Transense Technologies shares last traded at GBX 48.28, with a volume of 4,720 shares trading hands.

Transense Technologies Stock Performance

The stock has a market cap of £7.35 million, a P/E ratio of 8.88 and a beta of 0.38. The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95. The company has a fifty day moving average of GBX 54.75 and a 200 day moving average of GBX 70.83.

Insider Buying and Selling at Transense Technologies

In other news, insider Ryan Maughan acquired 16,654 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of GBX 48 per share, with a total value of £7,993.92. Also, insider Nigel Rogers acquired 12,500 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of GBX 58 per share, for a total transaction of £7,250. 46.38% of the stock is currently owned by company insiders.

Transense Technologies Company Profile

(Get Free Report)

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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