Pennant International Group (LON:PEN) Shares Pass Below 200-Day Moving Average – Time to Sell?

Pennant International Group plc (LON:PEN) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 21.45 and traded as low as GBX 20.20. Pennant International Group shares last traded at GBX 22, with a volume of 53,165 shares.

Pennant International Group Trading Up 4.8%

The company’s 50 day simple moving average is GBX 20.21 and its 200 day simple moving average is GBX 21.45. The firm has a market cap of £10.46 million, a price-to-earnings ratio of -2.10 and a beta of 0.87. The company has a debt-to-equity ratio of 28.34, a current ratio of 0.77 and a quick ratio of 0.60.

Insider Buying and Selling

In related news, insider David Joseph Clements bought 40,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 21 per share, with a total value of £8,400. 36.98% of the stock is owned by insiders.

Pennant International Group Company Profile

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.

Pennant has an impressive portfolio that includes system support software (GenS, Analyzer and R4i) utilising one single source of truth database, technology led training systems covering software-based solutions, generic training devices and bespoke engineering, as well as technical services covering consultancy and technical documentation.

Today, Pennant has become a firmly established world leading supplier of systems support, technical services and training solutions, supported by a global innovative team working in offices in Europe, North America and Indo-Pacific.