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

Transense Technologies plc (LON:TRT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.20 and traded as low as GBX 48.28. Transense Technologies shares last traded at GBX 48.28, with a volume of 79,301 shares changing hands.

Transense Technologies Stock Down 0.5%

The business’s fifty day moving average price is GBX 57.32 and its two-hundred day moving average price is GBX 78.20. The company has a debt-to-equity ratio of 10.90, a quick ratio of 2.95 and a current ratio of 4.43. The firm has a market capitalization of £7.35 million, a P/E ratio of 8.88 and a beta of 0.38.

Insider Buying and Selling

In other Transense Technologies news, insider Ryan Maughan bought 16,654 shares of Transense Technologies stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of GBX 48 per share, with a total value of £7,993.92. Also, insider Nigel Rogers bought 12,500 shares of Transense Technologies stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of GBX 58 per share, for a total transaction of £7,250. 46.27% of the stock is currently owned by company insiders.

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.