Pinewood Technologies Group (LON:PINE) Shares Down 0.7% – Time to Sell?

Pinewood Technologies Group PLC (LON:PINE)’s stock price dropped 0.7% during mid-day trading on Monday . The stock traded as low as GBX 347 ($4.28) and last traded at GBX 348.50 ($4.30). Approximately 20,871 shares traded hands during trading, a decline of 96% from the average daily volume of 520,399 shares. The stock had previously closed at GBX 351 ($4.33).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 455 ($5.61) target price on shares of Pinewood Technologies Group in a research report on Friday, October 25th.

Pinewood Technologies Group Stock Down 0.7 %

The stock has a fifty day simple moving average of GBX 341.80 and a 200-day simple moving average of GBX 339.32. The stock has a market cap of £301.42 million, a P/E ratio of 562.10 and a beta of 0.56.

Insider Activity at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of GBX 336 ($4.14) per share, with a total value of £5,040 ($6,214.55). Also, insider Nikki Flanders bought 5,714 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of GBX 346 ($4.27) per share, for a total transaction of £19,770.44 ($24,377.85). In the last three months, insiders acquired 41,712 shares of company stock worth $13,733,394. 30.44% of the stock is owned by company insiders.

About Pinewood Technologies Group

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.