Pinewood Technologies Group (LON:PINE) Shares Up 1% - Still a Buy?

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s share price shot up 1% during mid-day trading on Tuesday . The stock traded as high as GBX 344.50 ($4.35) and last traded at GBX 342.50 ($4.33). 47,644 shares traded hands during trading, a decline of 85% from the average session volume of 325,584 shares. The stock had previously closed at GBX 339 ($4.28).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 455 ($5.75) target price on shares of Pinewood Technologies Group in a research report on Friday, October 25th.

Pinewood Technologies Group Stock Up 3.7 %

The firm has a market capitalization of £290.06 million, a P/E ratio of 6.37 and a beta of 0.56. The firm's 50-day simple moving average is GBX 343.09 and its 200-day simple moving average is GBX 338.48.

Insider Transactions at Pinewood Technologies Group

In other Pinewood Technologies Group news, insider Dietmar Exler acquired 1,500 shares of the stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of GBX 345 ($4.36) per share, for a total transaction of £5,175 ($6,538.22). In the last ninety days, insiders acquired 4,500 shares of company stock worth $1,528,500. 30.44% of the stock is currently owned by insiders.

About Pinewood Technologies Group

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.