Pinewood Technologies Group (LON:PINE) Trading Down 31.4% – Here’s Why

Pinewood Technologies Group PLC (LON:PINEGet Free Report)’s share price was down 31.4% during mid-day trading on Monday . The company traded as low as GBX 297.91 and last traded at GBX 299.28. Approximately 5,025,882 shares were traded during trading, an increase of 183% from the average daily volume of 1,773,551 shares. The stock had previously closed at GBX 436.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 725.

Get Our Latest Stock Report on Pinewood Technologies Group

Pinewood Technologies Group Stock Performance

The company has a market capitalization of £342.61 million, a P/E ratio of 4.80 and a beta of 0.56. The company has a 50-day simple moving average of GBX 381.73 and a 200 day simple moving average of GBX 417.96.

Insider Transactions at Pinewood Technologies Group

In related news, insider William Berman purchased 13,921 shares of Pinewood Technologies Group stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 357 per share, with a total value of £49,697.97. Company insiders own 47.43% of the company’s stock.

About Pinewood Technologies Group

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Pendragon PLC is one of the UK’s leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services.

Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.

Further Reading

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