Motorpoint Group (LON:MOTR) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Motorpoint Group Plc (LON:MOTR) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 129.92 ($1.62) and traded as low as GBX 121.50 ($1.52). Motorpoint Group shares last traded at GBX 121.50 ($1.52), with a volume of 5,585 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Motorpoint Group in a report on Tuesday, October 8th.

Motorpoint Group Trading Down 4.3 %

The company has a debt-to-equity ratio of 422.83, a current ratio of 1.20 and a quick ratio of 0.12. The firm has a market cap of £103.28 million, a P/E ratio of -1,350.00 and a beta of 1.00. The company’s 50 day moving average is GBX 129.92 and its two-hundred day moving average is GBX 141.28.

Motorpoint Group (LON:MOTR) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX 1.70 ($0.02) earnings per share for the quarter. Motorpoint Group had a negative return on equity of 24.00% and a negative net margin of 0.77%. On average, sell-side analysts predict that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

Insider Activity at Motorpoint Group

In related news, insider Chris Morgan acquired 18,632 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 133 ($1.66) per share, with a total value of £24,780.56 ($30,940.89). 18.06% of the stock is currently owned by insiders.

About Motorpoint Group

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.