Pinewood Technologies Group (LON:PINE) Hits New 1-Year High - Should You Buy?

Key Points

• Pinewood Technologies Group shares reached a new 52-week high of GBX 542 ($7.33) during trading, with the last trade at GBX 538.34 ($7.28).
• The company's market capitalization stands at £615.32 million, with a PE ratio of 861.38 and a beta of 0.56.
• Insiders have been active in the stock, purchasing 19,762 shares worth $9.17 million over the last quarter, indicating strong insider confidence.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 542 ($7.35) and last traded at GBX 538.34 ($7.30), with a volume of 22320 shares trading hands. The stock had previously closed at GBX 532 ($7.21).

Pinewood Technologies Group Stock Performance

The stock's 50 day moving average price is GBX 506.71 and its 200 day moving average price is GBX 419.15. The company has a market capitalization of £638.79 million, a P/E ratio of 894.23 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Oliver Mann acquired 6,539 shares of Pinewood Technologies Group stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of GBX 456 per share, with a total value of £29,817.84. Also, insider Dietmar Exler acquired 1,000 shares of Pinewood Technologies Group stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of GBX 524 per share, for a total transaction of £5,240. Over the last ninety days, insiders bought 19,762 shares of company stock worth $9,171,464. Insiders own 47.42% of the company's stock.

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.