SRT Marine Systems (LON:SRT) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• SRT Marine Systems plc's stock price surpassed its **200-day moving average** of GBX 65.23, trading as high as GBX 82 ($1.11) before settling at GBX 76 ($1.03).
• The company has a **market cap of £188.20 million** and a notably high **P/E ratio of 1,960.24**, reflecting potentially high volatility in earnings.
• Insider Jean-Francois Bonnin sold **125,000 shares** at an average price of GBX 65, indicating ongoing trading activity among insiders who own **61.90%** of the company's stock.

SRT Marine Systems plc (LON:SRT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 65.23 ($0.88) and traded as high as GBX 82 ($1.11). SRT Marine Systems shares last traded at GBX 76 ($1.03), with a volume of 225,481 shares trading hands.

SRT Marine Systems Stock Performance

The stock has a 50-day simple moving average of GBX 80.71 and a 200-day simple moving average of GBX 65.60. The company has a debt-to-equity ratio of 86.25, a current ratio of 0.87 and a quick ratio of 1.01. The stock has a market cap of £194.73 million, a PE ratio of -2,161.11 and a beta of 1.04.

Insider Buying and Selling

In other SRT Marine Systems news, insider Neil Peniket sold 420,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of GBX 77, for a total transaction of £323,400. Also, insider Jean-Francois Bonnin sold 125,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 65, for a total value of £81,250. Insiders sold a total of 595,000 shares of company stock valued at $43,865,000 over the last three months. Corporate insiders own 2.85% 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.