Petards Group (LON:PEG) Trading 7.7% Higher After Insider Buying Activity

Shares of Petards Group plc (LON:PEG) were up 7.7% during mid-day trading on Thursday following insider buying activity. The company traded as high as GBX 7 ($0.09) and last traded at GBX 7 ($0.09). Approximately 98,400 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 153,627 shares. The stock had previously closed at GBX 6.50 ($0.08).

Specifically, insider John Wakefield bought 78,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($7,740.98).

Petards Group Stock Performance

The company has a debt-to-equity ratio of 27.67, a current ratio of 0.96 and a quick ratio of 1.35. The stock has a fifty day simple moving average of GBX 8.03 and a two-hundred day simple moving average of GBX 8.10. The firm has a market capitalization of £4.80 million, a P/E ratio of -263.33 and a beta of 0.81.

About Petards Group

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.