Pinewood Technologies Group (LON:PINE) Hits 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 - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 575 ($7.75) and last traded at GBX 558 ($7.52), with a volume of 1949923 shares trading hands. The stock had previously closed at GBX 558.21 ($7.52).

Pinewood Technologies Group Trading Down 2.7%

The company has a fifty day simple moving average of GBX 514.22 and a 200-day simple moving average of GBX 424.92. The company has a market capitalization of £617.04 million, a PE ratio of 863.78 and a beta of 0.56.

Insider Buying and Selling

In other news, insider Dietmar Exler acquired 1,000 shares of Pinewood Technologies Group stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of GBX 524 per share, for a total transaction of £5,240. Also, insider Oliver Mann bought 6,539 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of GBX 456 per share, for a total transaction of £29,817.84. Over the last 90 days, insiders purchased 19,762 shares of company stock worth $9,171,464. Company 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.