Pinewood Technologies Group (LON:PINE) Shares Up 16.2% – Still a Buy?

Pinewood Technologies Group PLC (LON:PINEGet Free Report) rose 16.2% during trading on Tuesday . The stock traded as high as GBX 342.50 ($4.45) and last traded at GBX 337 ($4.38). Approximately 3,172,844 shares were traded during mid-day trading, an increase of 722% from the average daily volume of 385,936 shares. The stock had previously closed at GBX 290 ($3.77).

Pinewood Technologies Group Stock Performance

The company’s fifty day moving average price is GBX 336.43 and its 200 day moving average price is GBX 311.81. The firm has a market capitalization of £299.04 million, a price-to-earnings ratio of 541.13 and a beta of 0.56.

Pinewood Technologies Group Company Profile

(Get Free Report)

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.

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