Seeing Machines (LON:SEE) Shares Down 1.6% - Here's What Happened

Seeing Machines Limited (LON:SEE - Get Free Report) shares dropped 1.6% on Saturday . The company traded as low as GBX 2.16 ($0.03) and last traded at GBX 2.43 ($0.03). Approximately 10,675,202 shares traded hands during trading, a decline of 19% from the average daily volume of 13,258,073 shares. The stock had previously closed at GBX 2.47 ($0.03).

Seeing Machines Stock Performance

The firm has a market cap of £155.42 million, a PE ratio of -4.22 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. The firm's 50 day simple moving average is GBX 2.07 and its 200 day simple moving average is GBX 3.14.

Insiders Place Their Bets

In related news, insider Stephane Vedie purchased 619,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average price of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,743.24). 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.