Pinewood Technologies ( (GB:PINE) ) has shared an announcement.
Pinewood Technologies Group PLC has begun trading on the OTCQX Best Market in the U.S., allowing American investors easier access to its shares. This move aims to enhance transparency and provide U.S. investors with the same level of information as those in the UK. The company’s shares will continue to trade on the London Stock Exchange, and no new shares will be issued. This development is part of Pinewood’s strategy to expand its presence in the North American market, supported by its partnership with Lithia Motors Inc., and is expected to deliver significant value to shareholders.
More about Pinewood Technologies
Pinewood Technologies Group PLC is a leading cloud-based technology provider serving the automotive industry. The company offers a comprehensive automotive intelligence platform developed in collaboration with dealers and OEMs, providing secure software solutions across sales, aftersales, accounting, and CRM. Headquartered in the UK, Pinewood operates in 21 countries and partners with over 50 OEM brands. It became an independent entity in 2024 after separating from Pendragon PLC and has a strategic partnership with Lithia Motors Inc.
YTD Price Performance: -3.90%
Average Trading Volume: 373,861
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £288.9M
Find detailed analytics on PINE stock on TipRanks’ Stock Analysis page.