Power Probe (LON:PWR) Insider Acquires £5,800 in Stock

Power Probe (LON:PWR) insider Ip Foo Wing purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average price of GBX 58 per share, with a total value of £5,800.

Ip Foo Wing also recently made the following trade(s):

• On Friday, October 23rd, Ip Foo Wing purchased 10,000 shares of Power Probe stock. The shares were purchased at an average cost of GBX 55 per share, for a total transaction of £5,500.

Power Probe Trading Down 0.4%

Shares of Power Probe stock opened at GBX 55.75 on Friday. Power Probe has a 12 month low of GBX 43 and a 12 month high of GBX 103. The stock’s fifty day moving average price is GBX 56.23 and its 200-day moving average price is GBX 69.06. The firm has a market cap of £41.09 million and a P/E ratio of 24.59.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Power Probe in a research report on Thursday, July 30th.

About Power Probe

Power Probe was founded in 1992 in California, USA, and has grown to become an internationally renowned brand, designing and distributing over 120 products. It is driven by a relentless focus on product quality, continuous innovation and customer care, as captured in its mission statement: “Simplifying Automotive Diagnostics”.

The Group aims to deliver sustainable, profitable growth and drive long-term value for its shareholders by pursuing this core mission, and its strategy is focused around three primary objectives:

1.