Pennant International Group (LON:PEN) Shares Down 10.4% – What’s Next?

Pennant International Group plc (LON:PEN)’s share price was down 10.4% during mid-day trading on Thursday . The company traded as low as GBX 30 ($0.39) and last traded at GBX 30 ($0.39). Approximately 365,193 shares traded hands during mid-day trading, an increase of 225% from the average daily volume of 112,466 shares. The stock had previously closed at GBX 33.50 ($0.43).

Pennant International Group Stock Performance

The company has a debt-to-equity ratio of 28.34, a current ratio of 0.77 and a quick ratio of 0.60. The stock has a 50-day simple moving average of GBX 28.36 and a 200-day simple moving average of GBX 27.29. The stock has a market cap of £13.34 million, a P/E ratio of -12.22 and a beta of 0.87.

Insider Buying and Selling at Pennant International Group

In other news, insider Darren Wiggins purchased 33,274 shares of Pennant International Group stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of GBX 26 ($0.34) per share, for a total transaction of £8,651.24 ($11,170.10). Company insiders own 38.93% of the company’s stock.

About Pennant International Group

Pennant, Maximising Operational Efficiency.

Pennant ensures systems are where they are needed, when they are needed and that they work, by providing systems support and training solutions to defence departments and major OEMs worldwide to maximise operational and maintenance efficiency. Other industries include space, aerospace, rail and shipping.