Power Probe (LON:PWR) Insider Buys £144,900 in Stock

Power Probe (LON:PWR) insider Jose María García Riera acquired 230,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average cost of GBX 63 per share, with a total value of £144,900.

Jose María García Riera also recently made the following trade(s):

• On Friday, October 9th, Jose María García Riera bought 25,000 shares of Power Probe stock. The shares were purchased at an average cost of GBX 59 per share, for a total transaction of £14,750.

Power Probe Trading Up 0.8%

Shares of PWR opened at GBX 63.50 on Thursday. The firm has a market cap of £46.80 million and a price-to-earnings ratio of 28.01. Power Probe has a 52 week low of GBX 43 and a 52 week high of GBX 103. The stock has a 50 day moving average of GBX 57.94 and a 200-day moving average of GBX 65.77.

Analysts Set New Price Targets

Separately, Shore Capital Group restated 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.