Seeing Machines (LON:SEE) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Seeing Machines Limited's stock has dipped below its 200-day moving average of GBX 2.76, signaling potential concerns among investors.
• The company reported a debt-to-equity ratio of 137.68 and a market cap of £172.70 million, reflecting financial health challenges.
• Insider Stephane Vedie bought 619,500 shares at GBX 2 ($0.03) each, indicating confidence from company insiders as they hold 13.37% of the stock.

Seeing Machines Limited (LON:SEE - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2.76 ($0.04) and traded as low as GBX 2.74 ($0.04). Seeing Machines shares last traded at GBX 2.83 ($0.04), with a volume of 1,452,948 shares.

Seeing Machines Stock Down 6.5%

The company has a market cap of £161.63 million, a PE ratio of -4.39 and a beta of 1.15. The business has a 50-day simple moving average of GBX 2.68 and a 200-day simple moving average of GBX 2.74. The company has a quick ratio of 3.50, a current ratio of 1.89 and a debt-to-equity ratio of 137.68.

Insider Buying and Selling

In related news, insider Stephane Vedie acquired 619,500 shares of Seeing Machines stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,445.45). Insiders own 13.37% of the company's stock.

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.