Pinewood Technologies Group (LON:PINE) Sets New 12-Month High - Here's Why

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.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 515 ($6.93) and last traded at GBX 514 ($6.91), with a volume of 185930 shares. The stock had previously closed at GBX 481 ($6.47).

Pinewood Technologies Group Stock Performance

The stock has a 50-day moving average of GBX 463.10 and a 200-day moving average of GBX 385.69. The firm has a market cap of £428.65 million, a price-to-earnings ratio of 9.42 and a beta of 0.56.

Insider Buying and Selling at Pinewood Technologies Group

In other news, insider Dietmar Exler purchased 1,300 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of GBX 388 ($5.22) per share, with a total value of £5,044 ($6,783.22). Also, insider Oliver Mann acquired 10,023 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of GBX 460 ($6.19) per share, with a total value of £46,105.80 ($62,003.50). Over the last quarter, insiders acquired 20,062 shares of company stock worth $9,151,864. Corporate 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.