Pennant International Group (LON:PEN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Pennant International Group plc (LON:PEN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 22.15 and traded as low as GBX 20.11. Pennant International Group shares last traded at GBX 20.91, with a volume of 47,029 shares.

Pennant International Group Price Performance

The stock has a 50 day moving average of GBX 20.29 and a 200-day moving average of GBX 22.15. 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 company has a market cap of £9.94 million, a PE ratio of -1.99 and a beta of 0.87.

Insider Activity

In other news, insider David Joseph Clements bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 21 per share, with a total value of £8,400. 36.98% of the stock is currently owned by insiders.

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.