Pinewood Technologies Group (LON:PINE) Sets New 1-Year High – Here’s What Happened

Pinewood Technologies Group PLC (LON:PINE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 399 ($5.33) and last traded at GBX 395.50 ($5.28), with a volume of 163347 shares changing hands. The stock had previously closed at GBX 385.50 ($5.15).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 ($7.88) price target on shares of Pinewood Technologies Group in a research report on Tuesday, April 1st.

Pinewood Technologies Group Price Performance

The company has a market capitalization of £329.18 million, a P/E ratio of 7.23 and a beta of 0.56. The stock’s 50 day moving average is GBX 339.27 and its 200-day moving average is GBX 341.41.

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

Insider Transactions at Pinewood Technologies Group

In other news, insider Brian Small bought 6,349 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of GBX 315 ($4.21) per share, with a total value of £19,999.35 ($26,712.10). Also, insider Dietmar Exler purchased 1,500 shares of the business’s stock in a transaction on Friday, April 25th. The shares were purchased at an average price of GBX 317 ($4.23) per share, with a total value of £4,755 ($6,351.01). Insiders own 30.44% of the company’s stock.

Pinewood Technologies Group Company Profile

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.