Seeing Machines (LON:SEE) Stock Price Up 16.9% - Here's Why

Seeing Machines Limited (LON:SEE - Get Free Report) was 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). Approximately 26,373,404 shares changed hands 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 Price Performance

The firm has a market capitalization of £159.15 million, a PE ratio of -4.32 and a beta of 1.15. The company has a 50-day moving average price of GBX 2.19 and a 200-day moving average price of GBX 3.03. The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50.

Insider Buying and Selling at Seeing Machines

In related 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 ($16,684.62). 13.37% of the stock is currently owned by 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.