Transense Technologies (LON:TRT) Sets New 52-Week Low – Here’s What Happened

Shares of Transense Technologies plc (LON:TRT) hit a new 52-week low on Thursday . The stock traded as low as GBX 44.25 and last traded at GBX 45.40, with a volume of 34904 shares trading hands. The stock had previously closed at GBX 45.50.

Transense Technologies Trading Down 0.2%

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 stock has a market capitalization of £6.91 million, a P/E ratio of 8.35 and a beta of 0.38. The firm’s 50-day simple moving average is GBX 47.77 and its 200 day simple moving average is GBX 56.68.

Insiders Place Their Bets

In other Transense Technologies news, insider Ryan Maughan bought 16,654 shares of Transense Technologies stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of GBX 48 per share, for a total transaction of £7,993.92. Insiders own 46.38% of the company’s stock.

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.