Pinewood Technologies Group (LON:PINE) Trading 0.6% Higher After Insider Buying Activity

Pinewood Technologies Group PLC (LON:PINE) traded up 0.6% on Monday after an insider bought additional shares in the company. The company traded as high as GBX 451 ($6.20) and last traded at GBX 446 ($6.13). 66,770 shares changed hands during trading, a decline of 76% from the average session volume of 281,683 shares. The stock had previously closed at GBX 443.50 ($6.09).

Specifically, insider Dietmar Exler bought 1,150 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average cost of GBX 450 ($6.18) per share, with a total value of £5,175 ($7,111.45).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 590 ($8.11) price objective on shares of Pinewood Technologies Group in a report on Tuesday, April 1st.

Pinewood Technologies Group Stock Up 0.9%

The business’s 50 day moving average is GBX 401.42 and its 200-day moving average is GBX 359.88. The firm has a market cap of £374.54 million, a P/E ratio of 8.23 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE) last issued its quarterly earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.21) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. As a group, equities analysts predict that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current year.

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.