Pinewood Technologies Group (LON:PINE) Trading Down 0.7% – Here’s What Happened

Posted by Irma Garcia on Jan 22nd, 2025

Shares of Pinewood Technologies Group PLC (LON:PINE – Get Free Report) were down 0.7% on Monday . The company traded as low as GBX 347 ($4.28) and last traded at GBX 348.50 ($4.30). Approximately 20,871 shares were traded during trading, a decline of 96% from the average daily volume of 520,399 shares. The stock had previously closed at GBX 351 ($4.33).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 455 ($5.61) price objective on shares of Pinewood Technologies Group in a report on Friday, October 25th.

Read Our Latest Stock Report on PINE

Pinewood Technologies Group Stock Performance

The business’s 50 day moving average price is GBX 341.80 and its two-hundred day moving average price is GBX 339.32. The company has a market capitalization of £299.26 million, a price-to-earnings ratio of 558.06 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Dietmar Exler purchased 1,500 shares of Pinewood Technologies Group stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of GBX 345 ($4.25) per share, for a total transaction of £5,175 ($6,380.22). Also, insider Nikki Flanders bought 5,714 shares of Pinewood Technologies Group stock in a transaction dated Thursday, October 24th. The stock was acquired at an average price of GBX 346 ($4.27) per share, with a total value of £19,770.44 ($24,374.85). Over the last 90 days, insiders have acquired 41,712 shares of company stock worth $13,733,394. 30.44% of the stock is owned by insiders.

Pinewood Technologies Group Company Profile

(Get Free Report)

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.