Seeing Machines (LON:SEE) Trading Down 8.1% - Here's What Happened

Shares of Seeing Machines Limited (LON:SEE - Get Free Report) traded down 8.1% on Friday . The stock traded as low as GBX 2.25 ($0.03) and last traded at GBX 2.27 ($0.03). 7,073,110 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 13,221,688 shares. The stock had previously closed at GBX 2.47 ($0.03).

Seeing Machines Trading Down 8.1%

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 stock's 50 day moving average price is GBX 2.06 and its 200-day moving average price is GBX 3.15. The stock has a market capitalization of £141.12 million, a P/E ratio of -3.83 and a beta of 1.15.

Insiders Place Their Bets

In other news, insider Stephane Vedie acquired 619,500 shares of the company's stock in a transaction dated 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 ($16,630.87). 13.37% of the stock is currently owned by corporate 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.

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