SRT Marine Systems (LON:SRT) Releases Earnings Results

Key Points

• SRT Marine Systems reported earnings of GBX 0.85 per share for the quarter, with a net margin of 0.23% and a return on equity of 0.69%.
• Insider Neil Peniket sold 420,000 shares at an average price of GBX 77, totaling £323,400, indicating significant insider trading activity.
• The company's stock has fluctuated between a 12-month low of GBX 36 and a high of GBX 92, showcasing its volatility in recent trading periods.

SRT Marine Systems (LON:SRT - ) posted its quarterly earnings results on Wednesday. The company reported GBX 0.85 earnings per share (EPS) for the quarter, Digital Look Earnings reports. SRT Marine Systems had a net margin of 0.23% and a return on equity of 0.69%.

SRT Marine Systems Price Performance

SRT stock opened at GBX 85.30 on Wednesday. The firm has a 50 day moving average of GBX 82.65 and a 200-day moving average of GBX 74.19. SRT Marine Systems has a 12-month low of GBX 36 and a 12-month high of GBX 92. The company has a current ratio of 0.87, a quick ratio of 1.01 and a debt-to-equity ratio of 86.25. The company has a market cap of £214.61 million, a price-to-earnings ratio of -23.69 and a beta of 1.04.

Insider Activity

In other news, insider Neil Peniket sold 420,000 shares of SRT Marine Systems 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. 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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