Pebble Beach Systems Group (LON:PEB) Stock Price Up 10.4% After Insider Buying Activity

Pebble Beach Systems Group plc (LON:PEB)’s share price rose 10.4% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 18.84 and last traded at GBX 18.40. Approximately 897,365 shares traded hands during trading, an increase of 320% from the average daily volume of 213,812 shares. The stock had previously closed at GBX 16.67.

Specifically, insider Tom Crawford acquired 26,562 shares of Pebble Beach Systems Group stock in a transaction that occurred on Monday, February 16th. The stock was acquired at an average cost of GBX 1,881 per share, for a total transaction of £499,631.22. Also, insider Tom Crawford bought 27,765 shares of the stock in a transaction on Monday, February 16th. The shares were acquired at an average cost of GBX 1,799 per share, for a total transaction of £499,492.35. In related news, insider Tom Crawford bought 12,736 shares of the company’s stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 1,881 per share, for a total transaction of £239,564.16.

Pebble Beach Systems Group Stock Performance

The business has a 50 day moving average of GBX 19.14 and a 200-day moving average of GBX 17.21. The company has a market capitalization of £25.52 million, a P/E ratio of -22.78 and a beta of 0.71. The company has a debt-to-equity ratio of 452.41, a quick ratio of 0.66 and a current ratio of 0.60.

About Pebble Beach Systems Group

Pebble Beach Systems Group plc designs and delivers automation, integrated channel, and virtualized playout solutions for the broadcast and streaming service markets worldwide. It also provides Automation Lite, a simpler software offering that allow control of up to six channels; Playout in a box, a compact playout solution; Pebble Remote, a solution that provides real-time access to the playout environment; Pebble Control, a solution that offers connection management of IP devices for TV stations, OB trucks, and production houses; and Orchestration solutions.