Pinewood Technologies Group (LON:PINE) Shares Down 0.7% – Time to Sell?

Pinewood Technologies Group PLC (LON:PINE) was down 0.7% on Monday . The stock traded as low as GBX 347 ($4.28) and last traded at GBX 348.50 ($4.30). Approximately 20,871 shares were traded during trading, a decline of 96% from the average daily volume of 520,399 shares. The stock had previously closed at GBX 351 ($4.33).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 455 ($5.61) price target on shares of Pinewood Technologies Group in a report on Friday, October 25th.

Pinewood Technologies Group Trading Up 0.7 %

The stock has a market capitalization of £299.26 million, a P/E ratio of 558.06 and a beta of 0.56. The business’s fifty day simple moving average is GBX 341.80 and its two-hundred day simple moving average is GBX 339.32.

Insider Activity at Pinewood Technologies Group

In related news, insider Nikki Flanders acquired 5,714 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of GBX 346 ($4.27) per share, with a total value of £19,770.44 ($24,374.85). Also, insider Dietmar Exler acquired 1,500 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average price of GBX 345 ($4.25) per share, for a total transaction of £5,175 ($6,380.22). Over the last 90 days, insiders purchased 41,712 shares of company stock worth $13,733,394. Company insiders own 30.44% of the company’s stock.

Pinewood Technologies Group Company Profile

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.