Transense Technologies (TRT) Reaches New 52-Week Low at $34.08

Transense Technologies (LON:TRT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 34.08 ($0.49) and last traded at GBX 37.50 ($0.54), with a volume of 3678 shares trading hands. The stock had previously closed at GBX 37.50 ($0.54).

Several equities research analysts have issued reports on the stock. FinnCap reiterated a “corporate” rating on shares of Transense Technologies in a research note on Wednesday, February 7th. Beaufort Securities lowered their price objective on shares of Transense Technologies from GBX 150 ($2.15) to GBX 100 ($1.43) and set a “speculative buy” rating on the stock in a research note on Wednesday, February 7th.

Transense Technologies (LON:TRT) last released its earnings results on Wednesday, February 7th. The company reported GBX (9.70) (($0.14)) earnings per share (EPS) for the quarter. Transense Technologies had a negative return on equity of 42.27% and a negative net margin of 85.85%. The firm had revenue of GBX 107 million during the quarter.

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About Transense Technologies

Transense Technologies plc develops, manufactures, and sells wireless and battery-less sensor systems using surface acoustic wave technology primarily in the United Kingdom. It operates through two segments SAWsense and Translogik. The company offers tire management solutions for the mining, earth-moving, and construction environments, which include wireless tire temperature and pressure monitoring systems, tread depth, and pressure and temperature data collection tools for truck, bus, and off-the-road vehicle tire inspections; and radio frequency identification tags, patches, and UHF readers for tires and general asset tracking.

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