Insider Selling: Power Probe (LON:PWR) Insider Sells £11,400 in Stock

Power Probe (LON:PWR) insider Ip Foo Wing sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of GBX 57, for a total transaction of £11,400.

Ip Foo Wing also recently made the following trade(s):

• On Monday, November 2nd, Ip Foo Wing bought 5,000 shares of Power Probe stock. The shares were purchased at an average price of GBX 56 per share, with a total value of £2,800.
• On Wednesday, October 28th, Ip Foo Wing bought 10,000 shares of Power Probe stock. The shares were purchased at an average price of GBX 58 per share, with a total value of £5,800.
• On Friday, October 23rd, Ip Foo Wing bought 10,000 shares of Power Probe stock. The stock was acquired at an average cost of GBX 55 per share, for a total transaction of £5,500.

Power Probe Stock Performance

Shares of LON PWR traded up GBX 2 during trading hours on Friday, hitting GBX 61. The company’s stock had a trading volume of 25,516 shares, compared to its average volume of 34,219. Power Probe has a 12 month low of GBX 43 and a 12 month high of GBX 103. The stock has a market cap of £44.79 million and a price-to-earnings ratio of 26.90. The business has a 50-day simple moving average of GBX 54.75 and a 200-day simple moving average of GBX 67.17.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Power Probe in a research note on Thursday, July 30th.

Power Probe Company Profile

Power Probe was founded in 1992 in California, USA, and has grown to become an internationally renowned brand, designing and distributing over 120 products. It is driven by a relentless focus on product quality, continuous innovation and customer care, as captured in its mission statement: “Simplifying Automotive Diagnostics”. The Group aims to deliver sustainable, profitable growth and drive long-term value for its shareholders by pursuing this core mission, and its strategy is focused around three primary objectives: 1.