Pinewood Technologies Group (LON:PINE) Trading 2.4% Higher – Still a Buy?

Pinewood Technologies Group PLC (LON:PINE) shares traded up 2.4% on Wednesday . The stock traded as high as GBX 395 ($5.24) and last traded at GBX 386.50 ($5.13). 132,555 shares traded hands during trading, a decline of 44% from the average session volume of 235,577 shares. The stock had previously closed at GBX 377.50 ($5.01).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 590 ($7.83) target price on shares of Pinewood Technologies Group in a research report on Tuesday, April 1st.

Pinewood Technologies Group Price Performance

The firm’s 50-day moving average price is GBX 336.91 and its 200 day moving average price is GBX 340.29. The firm has a market capitalization of £320.44 million, a price-to-earnings ratio of 7.04 and a beta of 0.56.

Pinewood Technologies Group (LON:PINE) last released its quarterly earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) EPS for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. On average, analysts predict that Pinewood Technologies Group PLC will post 9.8256735 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Dietmar Exler acquired 1,500 shares of Pinewood Technologies Group stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of GBX 317 ($4.21) per share, with a total value of £4,755 ($6,308.04). Also, insider Brian Small acquired 6,349 shares of Pinewood Technologies Group stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of GBX 315 ($4.18) per share, for a total transaction of £19,999.35 ($26,531.37). Company insiders own 30.44% of the company’s stock.

About Pinewood Technologies Group

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.