SRT Marine Systems (LON:SRT) Trading Up 15.7% – Time to Buy?

SRT Marine Systems plc (LON:SRT)’s share price was up 15.7% during trading on Thursday . The company traded as high as GBX 55 ($0.71) and last traded at GBX 53.22 ($0.69). Approximately 812,854 shares changed hands during trading, an increase of 138% from the average daily volume of 340,884 shares. The stock had previously closed at GBX 46 ($0.60).

SRT Marine Systems Stock Up 4.4 %

The business has a fifty day moving average of GBX 50.88 and a 200 day moving average of GBX 43.13. The company has a quick ratio of 1.01, a current ratio of 0.87 and a debt-to-equity ratio of 86.25. The firm has a market cap of £152.02 million, a P/E ratio of 1,583.35 and a beta of 1.04.

SRT Marine Systems Company Profile

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking System, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for monitoring, managing, and controlling fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and controlling system for maritime infrastructure, ports, and waterways.