Transense Technologies (LON:TRT) Hits New 1-Year Low – Here’s Why

Transense Technologies plc (LON:TRT) hit a new 52-week low on Monday . The stock traded as low as GBX 69 and last traded at GBX 70, with a volume of 652580 shares trading hands. The stock had previously closed at GBX 72.50.

Transense Technologies Price Performance

The stock has a market capitalization of £10.12 million, a P/E ratio of 7.36 and a beta of 0.38. The business has a fifty day simple moving average of GBX 122.55 and a 200 day simple moving average of GBX 123.93. The company has a current ratio of 5.17, a quick ratio of 2.95 and a debt-to-equity ratio of 7.26.

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.