Seeing Machines (LON:SEE) Stock Crosses Below 200-Day Moving Average - Here's Why

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)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Seeing Machines Stock Performance

The firm's 50-day moving average price is GBX 2.68 and its 200 day moving average price is GBX 2.72. 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 cap of £172.82 million, a price-to-earnings ratio of -4.69 and a beta of 1.15.

Insider Buying and Selling

In other Seeing Machines news, insider Stephane Vedie bought 619,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, with a total value of £12,390 ($16,452.00). 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.