Pinewood Technologies Group (LON:PINE) Hits New 52-Week High - Here's What Happened

Key Points

• Pinewood Technologies Group's shares reached a new 52-week high of GBX 530 ($7.19) during trading, indicating positive market sentiment with a slight increase of 0.8% in stock price.
• Insider buying activity has been notable, with two insiders purchasing a total of 7,589 shares in recent transactions, highlighting confidence in the company's future.
• The company has a market capitalization of £436.22 million and a PE ratio of 9.58, suggesting it could be considered undervalued compared to industry benchmarks.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 530 ($7.17) and last traded at GBX 524.11 ($7.09), with a volume of 144273 shares trading hands. The stock had previously closed at GBX 520 ($7.03).

Pinewood Technologies Group Stock Performance

The company has a market capitalization of £434.47 million, a PE ratio of 9.55 and a beta of 0.56. The stock's fifty day simple moving average is GBX 483.89 and its 200-day simple moving average is GBX 399.05.

Insider Activity

In other Pinewood Technologies Group news, insider Dietmar Exler purchased 1,050 shares of the stock in a transaction on Friday, July 25th. The stock was bought at an average price of GBX 512 per share, for a total transaction of £5,376. Also, insider Oliver Mann purchased 6,539 shares of the stock in a transaction on Monday, July 7th. The stock was acquired at an average price of GBX 456 per share, with a total value of £29,817.84. Insiders acquired a total of 20,062 shares of company stock valued at $9,151,864 in the last 90 days. 30.44% of the stock is owned by company insiders.

Pinewood Technologies Group Company Profile

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.