Seeing Machines (LON:SEE) Trading Up 16.9% - Here's What Happened

Shares of Seeing Machines Limited (LON:SEE - Get Free Report) were up 16.9% on Wednesday . The stock traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.70 ($0.04). Approximately 26,373,404 shares were traded during 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 Stock Performance

The firm has a 50-day moving average of GBX 2.22 and a two-hundred day moving average of GBX 3.02. 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 capitalization of £161.63 million, a PE ratio of -4.39 and a beta of 1.15.

Insider Activity

In other Seeing Machines news, insider Stephane Vedie acquired 619,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,662.18). Company insiders own 13.37% of the company's stock.

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.