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Pennant International ( (GB:PEN) ) has provided an update.
Pennant International has completed its property disposal program, selling its final two units at Staverton Connection for £1.125 million, which will help reduce the Group’s overdraft borrowings. The company reports increased interest in its products and services, with a promising pipeline for 2025, including negotiations with the Ministry of Defence on the GenFly technology upgrade contract. The company’s revenue is expected to be significantly weighted towards the second half of 2025, driven by existing contracts and the anticipated GenFly contract, which is projected to contribute around 15% of the year’s revenue.
Spark’s Take on GB:PEN Stock
According to Spark, TipRanks’ AI Analyst, GB:PEN is a Neutral.
The overall stock score is impacted by weak financial performance and valuation concerns. However, positive corporate events indicate potential future improvements. Technical analysis suggests bearish sentiment, further weighing down the score.
To see Spark’s full report on GB:PEN stock, click here.
More about Pennant International
Pennant International Group plc is a technology-driven global provider specializing in system support software, technical services, and training solutions. The company serves key markets such as Aerospace, Defence, and Rail, along with safety-critical sectors like Shipping, Nuclear, and Space. Pennant focuses on sustainable recurring and repeatable revenues, emphasizing high-margin software and services, and operates worldwide with headquarters in Cheltenham, UK.
Average Trading Volume: 76,212
Technical Sentiment Signal: Sell
Current Market Cap: £12.32M
See more insights into PEN stock on TipRanks’ Stock Analysis page.