Pinewood Technologies Group (LON:PINE) Shares Down 0.3% – Here’s What Happened

Shares of Pinewood Technologies Group PLC (LON:PINEGet Free Report) fell 0.3% on Wednesday . The stock traded as low as GBX 353 and last traded at GBX 355.50. 22,021 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 287,808 shares. The stock had previously closed at GBX 356.50.

Analyst Ratings Changes

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

Get Our Latest Report on Pinewood Technologies Group

Pinewood Technologies Group Stock Down 0.3%

The stock has a fifty day moving average of GBX 359.20 and a two-hundred day moving average of GBX 437.29. The stock has a market cap of £406.97 million, a price-to-earnings ratio of 5.70 and a beta of 0.56.

Pinewood Technologies Group (LON:PINEGet Free Report) last released its quarterly earnings data on Wednesday, September 24th. The company reported GBX (0.70) EPS for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. On average, research analysts expect that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insider Buying and Selling

In related news, insider William Berman purchased 13,921 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average price 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.

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