Seeing Machines (LON:SEE) Shares Down 12% – What’s Next?

Seeing Machines Limited (LON:SEE) shares dropped 12% during mid-day trading on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.35 ($0.04). Approximately 66,369,703 shares traded hands during mid-day trading, an increase of 1,040% from the average daily volume of 5,823,996 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The company has a market cap of £203.72 million, a PE ratio of -5.53 and a beta of 1.15. The stock’s 50-day simple moving average is GBX 4.16 and its 200 day simple moving average is GBX 4.31. The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89.

Insider Buying and Selling

In other Seeing Machines news, insider Stephane Vedie bought 1,170,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were bought at an average price of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($59,315.59). Also, insider Michael Brown sold 159,652,752 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($10,117,411.41). 13.37% of the stock is currently owned by corporate insiders.

Seeing Machines Company Profile

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.