Transense Technologies (LON:TRT) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Transense Technologies plc (LON:TRT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 153.90 ($2.03) and traded as low as GBX 115 ($1.52). Transense Technologies shares last traded at GBX 120 ($1.58), with a volume of 6,545 shares changing hands.

Transense Technologies Trading Up 3.9 %

The company has a debt-to-equity ratio of 7.26, a quick ratio of 2.95 and a current ratio of 5.17. The company has a market cap of £17.87 million, a price-to-earnings ratio of 11.55 and a beta of 0.38. The company’s fifty day moving average is GBX 127.07 and its two-hundred day moving average is GBX 153.90.

Transense Technologies (LON:TRT) last issued its earnings results on Tuesday, February 18th. The company reported GBX 3.61 ($0.05) earnings per share (EPS) for the quarter. Transense Technologies had a net margin of 37.44% and a return on equity of 30.05%. On average, research analysts anticipate that Transense Technologies plc will post 11.0073382 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ryan Maughan bought 4,640 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of GBX 129 ($1.70) per share, with a total value of £5,985.60 ($7,892.41). Also, insider Nigel Rogers bought 2,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 122 ($1.61) per share, for a total transaction of £3,050 ($4,021.62). In the last 90 days, insiders have purchased 12,658 shares of company stock worth $1,623,794. Corporate insiders own 14.82% of the company’s stock.

About Transense Technologies

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.