Pennant International Group (LON:PEN) Shares Up 7.9% – Time to Buy?

Pennant International Group plc (LON:PEN)’s stock price was up 7.9% on Tuesday . The company traded as high as GBX 29.64 ($0.38) and last traded at GBX 29.14 ($0.37). Approximately 205,993 shares were traded during mid-day trading, an increase of 161% from the average daily volume of 78,850 shares. The stock had previously closed at GBX 27 ($0.34).

Pennant International Group Stock Performance

The company’s 50-day moving average is GBX 25.64 and its two-hundred day moving average is GBX 25.57. The company has a quick ratio of 0.60, a current ratio of 0.77 and a debt-to-equity ratio of 33.41. The company has a market cap of £11.91 million, a P/E ratio of -916.67 and a beta of 0.87.

Insider Buying and Selling at Pennant International Group

In other news, insider Klaas van der Leest purchased 42,500 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of GBX 24 ($0.30) per share, with a total value of £10,200 ($12,906.49). Corporate insiders own 38.93% of the company’s stock.

About Pennant International Group

Pennant International Group plc, together with its subsidiaries, provides integrated training and support solutions, products, and services in the United Kingdom, rest of Europe, North America, and Australia. It offers generic trainers, such as generic fastener installation, hand skill, stores loading, and flying controls trainers; basic helicopter maintenance trainers; hydraulic system principles trainers; integrated avionics maintenance trainers; crew escape and safety trainers; and engine starting system trainers, as well as wiring boards.