Pennant International Group (LON:PEN) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Pennant International Group plc (LON:PEN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 23.69 and traded as low as GBX 19.30. Pennant International Group shares last traded at GBX 19.30, with a volume of 57,295 shares trading hands.

Pennant International Group Stock Down 3.5%

The company has a debt-to-equity ratio of 28.34, a quick ratio of 0.60 and a current ratio of 0.77. The stock has a market capitalization of £9.18 million, a price-to-earnings ratio of -1.84 and a beta of 0.87. The firm’s fifty day simple moving average is GBX 20.97 and its 200 day simple moving average is GBX 23.69.

Insider Buying and Selling at Pennant International Group

In related news, insider David Joseph Clements bought 37,500 shares of Pennant International Group stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of GBX 20 per share, with a total value of £7,500. Insiders own 36.98% of the company’s stock.

About Pennant International Group

Pennant, Maximising Operational Efficiency.

Pennant ensures systems are where they are needed, when they are needed and that they work, by providing systems support and training solutions to defence departments and major OEMs worldwide to maximise operational and maintenance efficiency. Other industries include space, aerospace, rail and shipping.

Pennant has an impressive portfolio that includes system support software (GenS, Analyzer and R4i) utilising one single source of truth database, technology led training systems covering software-based solutions, generic training devices and bespoke engineering, as well as technical services covering consultancy and technical documentation.

Today, Pennant has become a firmly established world leading supplier of systems support, technical services and training solutions, supported by a global innovative team working in offices in Europe, North America and Indo-Pacific.