Pennant International Group (LON:PEN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Pennant International Group plc (LON:PEN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 26.66 ($0.34) and traded as high as GBX 29 ($0.37). Pennant International Group shares last traded at GBX 28.40 ($0.37), with a volume of 67,510 shares changing hands.

Pennant International Group Stock Performance

The company’s 50 day simple moving average is GBX 27.29 and its 200 day simple moving average is GBX 26.71. The firm has a market cap of £12.54 million, a price-to-earnings ratio of -11.49 and a beta of 0.87. The company has a debt-to-equity ratio of 28.34, a current ratio of 0.77 and a quick ratio of 0.60.

Insiders Place Their Bets

In other news, insider Darren Wiggins bought 33,274 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of GBX 26 ($0.34) per share, for a total transaction of £8,651.24 ($11,178.76). Insiders own 38.93% 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.