Seeing Machines (LON:SEE) Trading 16.9% Higher - Here's Why

Seeing Machines Limited (LON:SEE - Get Free Report) shares were up 16.9% during mid-day 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 changed hands during 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 Trading Up 16.9%

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 stock has a market cap of £167.85 million, a P/E ratio of -4.56 and a beta of 1.15. The stock has a 50-day moving average price of GBX 2.17 and a 200-day moving average price of GBX 3.03.

Insider Transactions at Seeing Machines

In other Seeing Machines news, insider Stephane Vedie bought 619,500 shares of Seeing Machines stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of GBX 2 ($0.03) per share, with a total value of £12,390 ($16,633.11). 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.