Pennant International Group (LON:PEN) Trading Down 10.4% – Here’s What Happened

Shares of Pennant International Group plc (LON:PEN) fell 10.4% during trading on Thursday . The stock traded as low as GBX 30 ($0.39) and last traded at GBX 30 ($0.39). 365,193 shares traded hands during mid-day trading, an increase of 225% from the average session volume of 112,466 shares. The stock had previously closed at GBX 33.50 ($0.44).

Pennant International Group Stock Down 10.4 %

The company has a market cap of £12.97 million, a P/E ratio of -11.88 and a beta of 0.87. The company has a debt-to-equity ratio of 28.34, a quick ratio of 0.60 and a current ratio of 0.77. The business’s fifty day moving average is GBX 28.24 and its two-hundred day moving average is GBX 27.23.

Insider Transactions at Pennant International Group

In other news, insider Darren Wiggins acquired 33,274 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of GBX 26 ($0.34) per share, with a total value of £8,651.24 ($11,254.38). Corporate insiders own 38.93% of the company’s stock.

Pennant International Group Company Profile

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.