Seeing Machines (LON:SEE) Trading 16.9% Higher - Still a Buy?

Seeing Machines Limited (LON:SEE - Get Free Report)'s share price rose 16.9% during trading on Wednesday . The company traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.70 ($0.04). Approximately 26,373,404 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 12,250,036 shares. The stock had previously closed at GBX 2.31 ($0.03).

Seeing Machines Stock Up 1.6%

The business's fifty day moving average price is GBX 2.22 and its 200 day moving average price is GBX 3.02. 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 company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68.

Insider Activity

In other Seeing Machines news, insider Stephane Vedie bought 619,500 shares of the business's stock in a transaction dated 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 ($16,662.18). Corporate insiders own 13.37% of the company's stock.

Seeing Machines Company Profile

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.