Pinewood Technologies Group (LON:PINE) Reaches New 1-Year High - What's Next?

Key Points

• Pinewood Technologies Group's share price reached a new 52-week high of GBX 575 ($7.82) as of Tuesday, with a significant trading volume of 1,949,923 shares.
• The company's market capitalization stands at £637.65 million, and it has a notably high price-to-earnings ratio of 892.63.
• Insiders have been active, acquiring a total of 19,762 shares over the last quarter, indicating strong insider confidence in the company's prospects.

Pinewood Technologies Group PLC (LON:PINE - )'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 575 ($7.82) and last traded at GBX 558 ($7.59), with a volume of 1949923 shares traded. The stock had previously closed at GBX 558.21 ($7.59).

Pinewood Technologies Group Stock Performance

The stock has a fifty day simple moving average of GBX 508.50 and a two-hundred day simple moving average of GBX 420.52. The stock has a market capitalization of £637.65 million, a price-to-earnings ratio of 892.63 and a beta of 0.56.

Insider Transactions at Pinewood Technologies Group

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

About Pinewood Technologies Group

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.

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