Pennant International Group (LON:PEN) Stock Passes Below 200 Day Moving Average – Here’s Why

Pennant International Group plc (LON:PEN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 22.15 and traded as low as GBX 20.11. Pennant International Group shares last traded at GBX 20.91, with a volume of 47,029 shares traded.

Pennant International Group Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.60 and a debt-to-equity ratio of 28.34. The firm’s fifty day moving average price is GBX 20.29 and its two-hundred day moving average price is GBX 22.15. The stock has a market capitalization of £9.94 million, a PE ratio of -1.99 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider David Joseph Clements acquired 40,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was acquired at an average price of GBX 21 per share, for a total transaction of £8,400. Insiders own 36.98% of the company’s stock.

About Pennant International Group

Pennant, Maximising Operational Efficiency.

Pennant ensures systems are where they are needed, when they are needed and that they work, by providing systems support and training solutions to defence departments and major OEMs worldwide to maximise operational and maintenance efficiency. Other industries include space, aerospace, rail and shipping.

Pennant has an impressive portfolio that includes system support software (GenS, Analyzer and R4i) utilising one single source of truth database, technology led training systems covering software-based solutions, generic training devices and bespoke engineering, as well as technical services covering consultancy and technical documentation.

Today, Pennant has become a firmly established world leading supplier of systems support, technical services and training solutions, supported by a global innovative team working in offices in Europe, North America and Indo-Pacific.