Pinewood Technologies Group (LON:PINE) Trading 1.8% Higher - Here's What Happened

Pinewood Technologies Group PLC (LON:PINE - Get Free Report) rose 1.8% during trading on Tuesday . The company traded as high as GBX 316 ($4.25) and last traded at GBX 316 ($4.25). Approximately 323,214 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 259,389 shares. The stock had previously closed at GBX 310.50 ($4.17).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 590 ($7.93) price objective on shares of Pinewood Technologies Group in a report on Tuesday, April 1st.

Pinewood Technologies Group Stock Up 1.3 %

The firm has a fifty day simple moving average of GBX 330.79 and a 200-day simple moving average of GBX 334.62. The company has a market capitalization of £264.68 million, a P/E ratio of 5.82 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%. On average, sell-side analysts predict that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 1,500 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of GBX 317 ($4.26) per share, for a total transaction of £4,755 ($6,388.55). Also, insider Brian Small acquired 6,349 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of GBX 315 ($4.23) per share, for a total transaction of £19,999.35 ($26,870.01). Corporate insiders own 30.44% of the company's stock.

Pinewood Technologies Group Company Profile

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.