Vertu Motors (LON:VTU) Shares Cross Below 200-Day Moving Average – Time to Sell?

Vertu Motors plc (LON:VTU) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 65.73 ($0.80) and traded as low as GBX 53.70 ($0.65). Vertu Motors shares last traded at GBX 55.90 ($0.68), with a volume of 462,210 shares changing hands.

Vertu Motors Stock Performance

The stock has a market capitalization of £181.43 million, a price-to-earnings ratio of 785.71 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 0.26 and a debt-to-equity ratio of 58.72. The firm has a 50-day moving average of GBX 60.14 and a 200-day moving average of GBX 65.42.

Insider Activity

In other Vertu Motors news, insider David Crane sold 196,736 shares of Vertu Motors stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.80), for a total transaction of £129,845.76 ($157,982.43). Corporate insiders own 29.37% of the company’s stock.

About Vertu Motors

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors.