Seeing Machines (LON:SEE) Shares Down 14% – Should You Sell?

Seeing Machines Limited (LON:SEE) shares were down 14% on Wednesday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.27 ($0.04). Approximately 70,315,383 shares traded hands during trading, an increase of 1,087% from the average daily volume of 5,922,638 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Trading Down 14.0 %

The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50. The firm’s fifty day moving average is GBX 4.16 and its two-hundred day moving average is GBX 4.31. The firm has a market capitalization of £203.10 million, a PE ratio of -5.52 and a beta of 1.15.

Insider Buying and Selling

In other news, insider Kate Hill bought 200,000 shares of the stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,674.27). Also, insider Michael Brown sold 159,652,752 shares of Seeing Machines stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of GBX 5 ($0.06), for a total transaction of £7,982,637.60 ($10,117,411.41). 13.37% of the stock is currently owned by corporate insiders.

Seeing Machines Company Profile

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.