SRT Marine Systems (LON:SRT) Hits New 12-Month High - Here's What Happened

Key Points

• SRT Marine Systems plc achieved a new 52-week high, trading at GBX 90 ($1.20), with a recent last traded price of GBX 87.57 ($1.17) and a volume of 973,827 shares.
• The company has a market cap of £219.99 million and a highly negative price-to-earnings ratio of -2,432.50, indicating potential economic challenges in generating profits.
• Insider Neil Peniket sold 420,000 shares at an average price of GBX 77, totaling £323,400 on August 29th, while company insiders own 3.03% of the stock.

SRT Marine Systems plc (LON:SRT - ) hit a new 52-week high during trading on Friday . The company traded as high as GBX 90 ($1.20) and last traded at GBX 87.57 ($1.17), with a volume of 973827 shares traded. The stock had previously closed at GBX 89 ($1.19).

SRT Marine Systems Stock Performance

The firm has a market cap of £219.99 million, a price-to-earnings ratio of -2,432.50 and a beta of 1.04. The stock has a 50 day moving average of GBX 81.51 and a 200 day moving average of GBX 69.46. The company has a quick ratio of 1.01, a current ratio of 0.87 and a debt-to-equity ratio of 86.25.

Insider Buying and Selling at SRT Marine Systems

In related news, insider Neil Peniket sold 420,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of GBX 77, for a total transaction of £323,400. Company insiders own 3.03% of the company's stock.

About SRT Marine Systems

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking System, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for monitoring, managing, and controlling fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and controlling system for maritime infrastructure, ports, and waterways.

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