Seeing Machines (LON:SEE) Stock Crosses Below 200-Day Moving Average – Here’s Why

Seeing Machines Limited (LON:SEE) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4.34 ($0.05) and traded as low as GBX 3.71 ($0.05). Seeing Machines shares last traded at GBX 3.94 ($0.05), with a volume of 3,330,451 shares traded.

Seeing Machines Price Performance

The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The company has a 50-day simple moving average of GBX 4.16 and a 200-day simple moving average of GBX 4.34. The company has a market cap of £244.94 million, a price-to-earnings ratio of -6.65 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Kate Hill bought 200,000 shares of Seeing Machines stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,616.70). Also, insider Michael Brown sold 159,652,752 shares of the business’s stock in a transaction 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 ($10,071,457.99). 13.37% of the stock is currently owned by insiders.

About Seeing Machines

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.