Pinewood Technologies Group (OTCMKTS:PINWF) Shares Gap Down – Here’s Why

Pinewood Technologies Group PLC (OTCMKTS:PINWFGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.75, but opened at $5.55. Pinewood Technologies Group shares last traded at $5.55, with a volume of 420 shares changing hands.

Pinewood Technologies Group Stock Down 7.4%

The business’s fifty day simple moving average is $5.41 and its 200 day simple moving average is $4.15.

About Pinewood Technologies Group

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Pinewood Technologies Group plc is a software company that provides technology solutions for the automotive retail industry. Its principal offering is Pinewood, a cloud-based dealer management system designed to help automotive retailers manage sales, vehicle inventory, customer relationships, servicing, parts, finance and business administration.

The company’s software is used by franchised automotive dealerships, independent retailers, vehicle manufacturers and other businesses across the automotive distribution chain.

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