Pinewood Technologies Group (LON:PINE) Announces Quarterly Earnings Results

Pinewood Technologies Group (LON:PINE) released its earnings results on Tuesday. The company reported GBX 15.25 ($0.20) EPS for the quarter, reports. Pinewood Technologies Group had a return on equity of 11.83% and a net margin of 167.76%.

Pinewood Technologies Group Price Performance

PINE opened at GBX 326.88 ($4.24) on Thursday. The stock’s 50 day simple moving average is GBX 341.49 and its 200 day simple moving average is GBX 338.54. The stock has a market cap of £272.07 million, a P/E ratio of 5.98 and a beta of 0.56. Pinewood Technologies Group has a 1-year low of GBX 280.50 ($3.64) and a 1-year high of GBX 814 ($10.57).

Insiders Place Their Bets

In related news, insider Dietmar Exler acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of GBX 342 ($4.44) per share, for a total transaction of £5,130 ($6,661.47). Also, insider Brian Small bought 6,349 shares of Pinewood Technologies Group stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of GBX 315 ($4.09) per share, for a total transaction of £19,999.35 ($25,969.81). 30.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 590 ($7.66) price target on shares of Pinewood Technologies Group in a report on Tuesday.

Pinewood Technologies Group Company Profile

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.