Pinewood Technologies Group (LON:PINE) Trading Down 14.9% - Here's Why

Key Points

• Pinewood Technologies Group's stock fell by 14.9%, closing at GBX 450 ($6.09) after significant trading volume of 1,889,184 shares, a 628% surge from the average volume.
• Berenberg Bank raised its price target for the stock from GBX 590 to GBX 700 and maintained a "buy" rating, indicating a positive outlook based on current performance.
• The company reported a quarterly earnings loss of GBX (0.70) per share, but had a notable net margin of 167.76% and a return on equity of 11.83%.

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s stock price fell 14.9% on Wednesday . The company traded as low as GBX 450 ($6.09) and last traded at GBX 450 ($6.09). 1,889,184 shares were traded during trading, an increase of 628% from the average session volume of 259,620 shares. The stock had previously closed at GBX 529 ($7.15).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Pinewood Technologies Group from GBX 590 to GBX 700 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 700.

Pinewood Technologies Group Trading Down 14.9%

The company has a market capitalization of £515.16 million, a price-to-earnings ratio of 721.15 and a beta of 0.56. The company's 50 day simple moving average is GBX 515.95 and its 200-day simple moving average is GBX 427.84.

Pinewood Technologies Group (LON:PINE - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The company reported GBX (0.70) 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%. Sell-side analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insider Activity

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 cost of GBX 512 per share, for a total transaction of £5,376. Also, insider Oliver Mann acquired 10,023 shares of the business's stock in a transaction dated Monday, July 7th. The shares were bought at an average price of GBX 460 per share, for a total transaction of £46,105.80. Over the last quarter, insiders have bought 18,612 shares of company stock worth $8,653,964. Insiders own 47.42% 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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