Pinewood Technologies Group (LON:PINE) Stock Price Up 1% – Time to Buy?

Shares of Pinewood Technologies Group PLC (LON:PINE) traded up 1% during trading on Tuesday . The company traded as high as GBX 344.50 ($4.35) and last traded at GBX 342.50 ($4.32). 47,644 shares were traded during mid-day trading, a decline of 85% from the average session volume of 325,584 shares. The stock had previously closed at GBX 339 ($4.28).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 455 ($5.74) price target on shares of Pinewood Technologies Group in a research note on Friday, October 25th.

Pinewood Technologies Group Stock Performance

The company has a market cap of £285.90 million, a PE ratio of 6.28 and a beta of 0.56. The stock’s 50 day moving average price is GBX 343.17 and its 200-day moving average price is GBX 338.63.

Insider Activity

In other news, insider Oliver Mann purchased 31,498 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of GBX 325 ($4.10) per share, with a total value of £102,368.50 ($129,139.02). Also, insider Dietmar Exler purchased 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of GBX 332 ($4.19) per share, with a total value of £4,980 ($6,282.33). In the last 90 days, insiders acquired 35,998 shares of company stock valued at $11,765,350. Corporate insiders own 30.44% of the company’s stock.

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.