Pinewood Technologies Group (LON:PINE) Trading Down 14.9% – Should You Sell?

Pinewood Technologies Group PLC (LON:PINE)’s share price traded down 14.9% during trading on Thursday . The stock traded as low as GBX 450 ($6.03) and last traded at GBX 450 ($6.03). 1,889,184 shares traded hands during trading, an increase of 628% from the average session volume of 259,620 shares. The stock had previously closed at GBX 529 ($7.09).

Analysts Set New Price Targets

Separately, Berenberg Bank raised their target price on shares of Pinewood Technologies Group from GBX 590 to GBX 700 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 700.

Pinewood Technologies Group Stock Performance

The stock has a market cap of £481.38 million, a price-to-earnings ratio of 673.88 and a beta of 0.56. The company’s 50 day simple moving average is GBX 512.32 and its 200 day simple moving average is GBX 429.05.

Pinewood Technologies Group (LON:PINE) last released its earnings results on Wednesday, September 24th. The company reported GBX (0.70) EPS for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. Sell-side analysts predict that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insider Activity at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 1,150 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of GBX 445 per share, with a total value of £5,117.50. Also, insider Oliver Mann acquired 10,023 shares of the stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of GBX 460 per share, for a total transaction of £46,105.80. Insiders bought a total of 19,762 shares of company stock worth $9,165,714 in the last ninety days. Corporate insiders own 47.42% 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.