Pinewood Technologies Group (LON:PINE) Sets New 1-Year High - Here's What Happened

Key Points

• Pinewood Technologies Group's shares reached a new 52-week high of GBX 515 ($6.84) during mid-day trading, up from a previous close of GBX 481 ($6.39).
• Insider transactions revealed significant buying activity, with company insiders acquiring 20,062 shares valued at over $9 million in the last 90 days.
• The company has a market capitalization of £427.81 million and a PE ratio of 9.40, indicating potential value for investors.

Shares of Pinewood Technologies Group PLC (LON:PINE - ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 515 ($6.84) and last traded at GBX 514 ($6.83), with a volume of 185930 shares trading hands. The stock had previously closed at GBX 481 ($6.39).

Pinewood Technologies Group Stock Performance

The company has a 50 day moving average of GBX 452.12 and a two-hundred day moving average of GBX 381.46. The stock has a market cap of £427.81 million, a PE ratio of 9.40 and a beta of 0.56.

Insider Buying and Selling

In related news, insider Dietmar Exler acquired 1,050 shares of the business's stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of GBX 512 ($6.80) per share, with a total value of £5,376 ($7,138.49). Also, insider Oliver Mann acquired 6,539 shares of the business's stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of GBX 456 ($6.05) per share, for a total transaction of £29,817.84 ($39,593.47). Insiders bought 20,062 shares of company stock valued at $9,151,864 over the last 90 days. Company insiders own 30.44% 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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