Pinewood Technologies Group (LON:PINE) Stock Price Down 31.8% – Should You Sell?

Pinewood Technologies Group PLC (LON:PINEGet Free Report)’s share price traded down 31.8% on Monday . The stock traded as low as GBX 297 and last traded at GBX 297.86. 7,124,563 shares traded hands during mid-day trading, an increase of 287% from the average session volume of 1,839,134 shares. The stock had previously closed at GBX 436.50.

More Pinewood Technologies Group News

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

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on PINE

Pinewood Technologies Group Price Performance

The company’s 50-day moving average price is GBX 381.73 and its two-hundred day moving average price is GBX 417.96. The company has a market capitalization of £340.99 million, a price-to-earnings ratio of 4.77 and a beta of 0.56.

Insiders Place Their Bets

In other Pinewood Technologies Group news, insider William Berman acquired 13,921 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of GBX 357 per share, with a total value 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.

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