Transense Technologies (LON:TRT) Shares Down 13.5% – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price dropped 13.5% during trading on Monday . The company traded as low as GBX 47 and last traded at GBX 48.63. 219,782 shares were traded during trading, an increase of 266% from the average daily volume of 60,123 shares. The stock had previously closed at GBX 56.25.

Transense Technologies Trading Down 13.5%

The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 10.90. The company has a market cap of £7.40 million, a price-to-earnings ratio of 8.94 and a beta of 0.38. The firm has a 50 day moving average price of GBX 59.92 and a two-hundred day moving average price of GBX 82.81.

Insiders Place Their Bets

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

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.