Transense Technologies (LON:TRT) Shares Down 1.4% – Here’s Why

Transense Technologies plc (LON:TRTGet Free Report)’s stock price fell 1.4% on Wednesday . The company traded as low as GBX 177.46 ($2.23) and last traded at GBX 177.48 ($2.23). 13,069 shares changed hands during trading, a decline of 59% from the average session volume of 32,197 shares. The stock had previously closed at GBX 180 ($2.26).

Transense Technologies Stock Performance

The company has a current ratio of 5.17, a quick ratio of 2.95 and a debt-to-equity ratio of 7.26. The firm has a market capitalization of £27.55 million, a price-to-earnings ratio of 1,810.00 and a beta of 0.38. The stock’s 50 day moving average price is GBX 172.38 and its two-hundred day moving average price is GBX 155.65.

Insider Buying and Selling at Transense Technologies

In other news, insider Ryan Maughan purchased 6,306 shares of the stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of GBX 158 ($1.99) per share, for a total transaction of £9,963.48 ($12,521.65). 14.82% of the stock is owned by insiders.

About Transense Technologies

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Transense Technologies plc develops and supplies specialist sensor systems. It operates through two segments: Translogik and SAWsense. The company offers tire inspection tools for vehicle fleet operators, tire suppliers, and service centers to measure and digitally capture safety-critical tire inspection data; radio frequency identification tags for asset tracking, as well as to prevent tire theft and cloning; and advanced sensor solutions for accurate non-contact measurement of torque, force, pressure and temperature for aerospace, electric motors and drives, industrial machinery, and high-performance automotive sectors.

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