Seeing Machines (LON:SEE) Shares Up 16.9% - Time to Buy?

Seeing Machines Limited (LON:SEE - Get Free Report) shares shot up 16.9% on Thursday . The stock traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.70 ($0.04). 26,373,404 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 12,250,036 shares. The stock had previously closed at GBX 2.31 ($0.03).

Seeing Machines Price Performance

The company has a fifty day simple moving average of GBX 2.19 and a two-hundred day simple moving average of GBX 3.03. The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The company has a market capitalization of £167.23 million, a price-to-earnings ratio of -4.54 and a beta of 1.15.

Insider Buying and Selling at Seeing Machines

In other news, insider Stephane Vedie acquired 619,500 shares of the company's stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,626.41). 13.37% of the stock is currently owned by insiders.

About Seeing Machines

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.

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