Pinewood Technologies Group (LON:PINE) Stock Price Down 0.3% – Should You Sell?

Pinewood Technologies Group PLC (LON:PINE) shares dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as GBX 353 and last traded at GBX 355.50. Approximately 22,021 shares changed hands during trading, a decline of 92% from the average daily volume of 287,808 shares. The stock had previously closed at GBX 356.50.

Wall Street Analyst Weigh In

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

Pinewood Technologies Group Price Performance

The stock has a market cap of £406.97 million, a price-to-earnings ratio of 5.70 and a beta of 0.56. The firm has a fifty day moving average of GBX 359.86 and a 200 day moving average of GBX 437.87.

Pinewood Technologies Group (LON:PINE) last issued its earnings results on Wednesday, September 24th. The company reported GBX (0.70) 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%. Research analysts anticipate that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinewood Technologies Group

In other news, insider William Berman purchased 13,921 shares of the stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of GBX 357 per share, with a total value of £49,697.97. Insiders own 47.43% 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.

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