Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s share price dropped 14.9% during trading on Wednesday . The stock traded as low as GBX 450 ($6.05) and last traded at GBX 450 ($6.05). Approximately 1,889,184 shares changed hands during mid-day trading, an increase of 628% from the average daily volume of 259,620 shares. The stock had previously closed at GBX 529 ($7.11).
Wall Street Analyst Weigh In
Separately, Berenberg Bank upped their price target on Pinewood Technologies Group from GBX 590 to GBX 700 and gave the company a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pinewood Technologies Group has a consensus rating of "Buy" and a consensus price target of GBX 700.
Read Our Latest Report on Pinewood Technologies Group
Pinewood Technologies Group Price Performance
The firm has a market cap of £515.16 million, a P/E ratio of 721.15 and a beta of 0.56. The stock's 50 day moving average is GBX 515.95 and its two-hundred day moving average is GBX 427.84.
Pinewood Technologies Group (LON:PINE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.70) EPS for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. As a group, research analysts forecast that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Oliver Mann bought 6,539 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of GBX 456 per share, for a total transaction of £29,817.84. Also, insider Dietmar Exler purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of GBX 524 per share, with a total value of £5,240. Insiders acquired 18,612 shares of company stock worth $8,653,964 over the last quarter. Company insiders own 47.42% of the company's stock.
About Pinewood Technologies Group
(
Get Free Report)
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.
Further Reading
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