Pinewood Technologies Group (LON:PINE) Sets New 52-Week High at $40.15

Pinewood Technologies Group PLC (LON:PINE)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 40.15 ($0.50) and last traded at GBX 40.05 ($0.49), with a volume of 1639625 shares trading hands. The stock had previously closed at GBX 38.88 ($0.48).

Pinewood Technologies Group Trading Down 1.3 %

Pinewood Technologies Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 23rd will be issued a GBX 24.50 ($0.30) dividend. This represents a dividend yield of 62.82%. The ex-dividend date is Tuesday, April 23rd.

Insiders Place Their Bets

In other Pinewood Technologies Group news, insider William Berman sold 1,462,114 shares of Pinewood Technologies Group stock in a transaction on Monday, February 19th. The stock was sold at an average price of GBX 35 ($0.43), for a total value of £511,739.90 ($632,089.80). Corporate insiders own 24.98% 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.