Insider Buying: Power Probe (LON:PWR) Insider Purchases £5,007.74 in Stock

Power Probe (LON:PWR) insider Michael Sherwin acquired 8,077 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was acquired at an average cost of GBX 62 per share, for a total transaction of £5,007.74.

Power Probe Price Performance

LON:PWR opened at GBX 64.25 on Thursday. The firm has a market capitalization of £47.35 million and a P/E ratio of 28.34. Power Probe has a 1-year low of GBX 43 and a 1-year high of GBX 103. The company’s fifty day moving average price is GBX 57.94 and its 200-day moving average price is GBX 65.77.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Power Probe in a research report 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.