Pinewood Technologies Group (LON:PINE) Trading Down 32.6% – Time to Sell?

Shares of Pinewood Technologies Group PLC (LON:PINEGet Free Report) fell 32.6% on Monday . The company traded as low as GBX 288.90 and last traded at GBX 294. 4,325,244 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 1,751,656 shares. The stock had previously closed at GBX 436.50.

Key Stories Impacting Pinewood Technologies Group

Here are the key news stories impacting Pinewood Technologies Group this week:

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price target on shares of Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 725.

Check Out Our Latest Stock Report on Pinewood Technologies Group

Pinewood Technologies Group Price Performance

The company’s fifty day moving average is GBX 381.73 and its 200-day moving average is GBX 417.96. The company has a market capitalization of £336.57 million, a PE ratio of 4.71 and a beta of 0.56.

Insider Buying and Selling

In other Pinewood Technologies Group news, insider Dietmar Exler purchased 2,500 shares of Pinewood Technologies Group stock in a transaction on Monday, February 16th. The stock was bought at an average cost of GBX 295 per share, with a total value of £7,375. Also, insider Oliver Mann acquired 25,045 shares of the stock in a transaction on Monday, February 16th. The stock was bought at an average price of GBX 307 per share, for a total transaction of £76,888.15. Insiders have acquired a total of 41,466 shares of company stock worth $13,396,112 in the last ninety days. 47.43% of the stock is owned by insiders.

About Pinewood Technologies Group

(Get Free Report)

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.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.

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