Pennant International Group (LON:PEN) Trading Down 10.4% – Here’s Why

Pennant International Group plc (LON:PEN)’s share price fell 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). 365,193 shares traded hands during trading, an increase of 225% from the average session volume of 112,466 shares. The stock had previously closed at GBX 33.50 ($0.44).

Pennant International Group Stock Down 10.4 %

The firm has a market cap of £12.97 million, a P/E ratio of -11.88 and a beta of 0.87. The company’s 50-day simple moving average is GBX 28.24 and its 200 day simple moving average is GBX 27.23. 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 Activity at Pennant International Group

In related news, insider Darren Wiggins bought 33,274 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of GBX 26 ($0.34) per share, with a total value of £8,651.24 ($11,254.38). 38.93% 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.