Seeing Machines (LON:SEE) Shares Up 18.6% - Still a Buy?

Seeing Machines Limited (LON:SEE - Get Free Report) rose 18.6% during mid-day trading on Wednesday . The stock traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.74 ($0.04). Approximately 16,603,303 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 12,165,811 shares. The stock had previously closed at GBX 2.31 ($0.03).

Seeing Machines Trading Up 1.6%

The firm's 50-day moving average price is GBX 2.22 and its 200-day moving average price 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. The company has a market cap of £161.63 million, a P/E ratio of -4.39 and a beta of 1.15.

Insider Activity

In other news, insider Stephane Vedie acquired 619,500 shares of Seeing Machines stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of GBX 2 ($0.03) per share, with a total value of £12,390 ($16,662.18). 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.