Power Probe (LON:PWR) Insider Acquires £144,900 in Stock

Power Probe (LON:PWR) insider Jose María García Riera purchased 230,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The stock was bought at an average price of GBX 63 per share, with a total value of £144,900.

Jose María García Riera also recently made the following trade(s):

• On Friday, October 9th, Jose María García Riera acquired 25,000 shares of Power Probe stock. The stock was bought at an average price of GBX 59 per share, for a total transaction of £14,750.

Power Probe Trading Down 1.6%

Shares of LON:PWR opened at GBX 63.50 on Friday. The firm has a fifty day moving average price of GBX 57.84 and a 200 day moving average price of GBX 65.68. Power Probe has a 1 year low of GBX 43 and a 1 year high of GBX 103. The stock has a market capitalization of £46.80 million and a PE ratio of 28.01.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Power Probe in a report on Thursday, July 30th.

Power Probe Company Profile

Power Probe was founded in 1992 in California, USA, and has grown to become an internationally renowned brand, designing and distributing over 120 products. It is driven by a relentless focus on product quality, continuous innovation and customer care, as captured in its mission statement: “Simplifying Automotive Diagnostics”.

The Group aims to deliver sustainable, profitable growth and drive long-term value for its shareholders by pursuing this core mission, and its strategy is focused around three primary objectives:

1.