Transense Technologies (LON:TRT) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Transense Technologies plc (LON:TRT) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 51.58 and traded as low as GBX 43. Transense Technologies shares last traded at GBX 43, with a volume of 40,710 shares trading hands.

Transense Technologies Stock Down 0.7%

The company has a market cap of £6.42 million, a P/E ratio of -61.16 and a beta of 0.38. The company’s 50-day moving average is GBX 44.40 and its two-hundred day moving average is GBX 51.43. The company has a debt-to-equity ratio of 17.42, a current ratio of 3.53 and a quick ratio of 2.95.

Transense Technologies (LON:TRT) last posted its earnings results on Wednesday, September 23rd. The company reported GBX (0.69) EPS for the quarter. Transense Technologies had a negative return on equity of 1.47% and a negative net margin of 2.27%. As a group, equities analysts predict that Transense Technologies plc will post 11.01 earnings per share for the current fiscal year.

Insider Activity at Transense Technologies

In other Transense Technologies news, insider Ryan Maughan bought 23,002 shares of Transense Technologies stock in a transaction on Monday, October 5th. The stock was acquired at an average cost of GBX 43 per share, with a total value of £9,890.86. 46.38% of the stock is owned by insiders.

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.