Seeing Machines (LON:SEE) Trading Up 11.7% - Here's Why

Seeing Machines Limited (LON:SEE - Get Free Report)'s stock price rose 11.7% during mid-day trading on Tuesday . The company traded as high as GBX 2.19 ($0.03) and last traded at GBX 2.10 ($0.03). Approximately 9,246,695 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 13,614,497 shares. The stock had previously closed at GBX 1.88 ($0.02).

Seeing Machines Stock Up 10.5%

The business's fifty day simple moving average is GBX 2.10 and its 200 day simple moving average is GBX 3.24. The company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68. The stock has a market cap of £156.66 million, a price-to-earnings ratio of -4.25 and a beta of 1.15.

Insider Activity

In other Seeing Machines news, insider Stephane Vedie purchased 619,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, with a total value of £12,390 ($16,462.93). 13.37% of the stock is owned by company 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.