Pennant International Group (LON:PEN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Pennant International Group plc (LON:PEN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 23.30 and traded as low as GBX 19.40. Pennant International Group shares last traded at GBX 19.40, with a volume of 41,301 shares trading hands.

Pennant International Group Stock Down 3.0%

The firm has a market cap of £9.23 million, a P/E ratio of -1.85 and a beta of 0.87. The firm’s fifty day moving average is GBX 20.73 and its 200 day moving average is GBX 23.30. The company has a debt-to-equity ratio of 28.34, a quick ratio of 0.60 and a current ratio of 0.77.

Insiders Place Their Bets

In other news, insider David Joseph Clements bought 37,500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was acquired at an average price of GBX 20 per share, with a total value of £7,500. Corporate insiders own 36.98% of the company’s stock.

Pennant International Group Company Profile

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.