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

Seeing Machines Limited (LON:SEE - Get Free Report) shares shot up 16.9% on Wednesday . The company traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.70 ($0.04). 26,373,404 shares were traded during 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 Stock Performance

The firm has a market capitalization of £161.63 million, a price-to-earnings ratio of -4.39 and a beta of 1.15. The stock's fifty day moving average is GBX 2.22 and its two-hundred day moving average is GBX 3.01. 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 the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,662.18). 13.37% of the stock is owned by corporate 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.