Seeing Machines (LON:SEE) Trading 10.5% Higher - Time to Buy?

Seeing Machines Limited (LON:SEE - Get Free Report) shot up 10.5% on Tuesday . The stock traded as high as GBX 2.66 ($0.04) and last traded at GBX 2.52 ($0.03). 34,035,184 shares traded hands during trading, an increase of 144% from the average session volume of 13,955,257 shares. The stock had previously closed at GBX 2.28 ($0.03).

Seeing Machines Price Performance

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 has a market cap of £155.42 million, a price-to-earnings ratio of -4.22 and a beta of 1.15. The firm has a 50-day moving average of GBX 2.08 and a two-hundred day moving average of GBX 3.21.

Insider Buying and Selling

In other news, insider Stephane Vedie purchased 619,500 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of GBX 2 ($0.03) per share, with a total value of £12,390 ($16,458.55). 13.37% of the stock is owned by insiders.

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.