Pinewood Technologies Group (LON:PINE) Issues Earnings Results

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

Pinewood Technologies Group Stock Performance

Shares of LON PINE opened at GBX 327 ($4.25) on Thursday. The business’s 50-day simple moving average is GBX 341.49 and its 200-day simple moving average is GBX 338.54. Pinewood Technologies Group has a 52 week low of GBX 280.50 ($3.64) and a 52 week high of GBX 814 ($10.57). The firm has a market cap of £272.17 million, a price-to-earnings ratio of 5.98 and a beta of 0.56.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 590 ($7.66) price objective on shares of Pinewood Technologies Group in a research note on Tuesday.

Insiders Place Their Bets

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

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.