Pinewood Technologies Group (LON:PINE) Shares Down 32.9% – What’s Next?

Pinewood Technologies Group PLC (LON:PINEGet Free Report)’s share price was down 32.9% on Monday . The stock traded as low as GBX 291 and last traded at GBX 293. Approximately 7,797,813 shares were traded during mid-day trading, an increase of 319% from the average daily volume of 1,860,173 shares. The stock had previously closed at GBX 436.50.

Key Pinewood Technologies Group News

Here are the key news stories impacting Pinewood Technologies Group this week:

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price target on Pinewood Technologies Group from GBX 700 to GBX 725 and gave the stock a “buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 725.

Get Our Latest Research Report on PINE

Pinewood Technologies Group Price Performance

The company’s 50 day moving average price is GBX 381.73 and its 200 day moving average price is GBX 417.96. The firm has a market cap of £330.84 million, a PE ratio of 4.63 and a beta of 0.56.

Insider Activity

In related news, insider William Berman purchased 13,921 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of GBX 357 per share, for a total transaction of £49,697.97. Insiders own 47.43% of the company’s stock.

About Pinewood Technologies Group

(Get Free Report)

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.

Please visit www.pendragonplc.com where Pendragon discloses additional information about the company, its business and its results of operations.

See Also

Receive News & Ratings for Pinewood Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinewood Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.