Pinewood Technologies Group (LON:PINE) Stock Price Down 0.7% – Here’s What Happened

Pinewood Technologies Group PLC (LON:PINE) dropped 0.7% during trading on Tuesday . The company traded as low as GBX 332.50 ($4.32) and last traded at GBX 337.50 ($4.39). Approximately 1,435,263 shares were traded during trading, an increase of 326% from the average daily volume of 337,225 shares. The stock had previously closed at GBX 340 ($4.42).

Pinewood Technologies Group Stock Performance

The firm has a 50 day moving average price of GBX 344.68 and a two-hundred day moving average price of GBX 339.60. The company has a market cap of £280.91 million, a P/E ratio of 6.17 and a beta of 0.56.

Insider Buying and Selling at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Brian Small bought 6,349 shares of the stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of GBX 315 ($4.10) per share, with a total value of £19,999.35 ($26,000.20). Also, insider Dietmar Exler bought 1,500 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average price of GBX 342 ($4.45) per share, for a total transaction of £5,130 ($6,669.27). Insiders have acquired a total of 9,349 shares of company stock valued at $3,030,435 over the last three months. 30.44% of the stock is currently owned by insiders.

Pinewood Technologies Group Company Profile

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.