Motorpoint Group (LON:MOTR) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Motorpoint Group Plc (LON:MOTR) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 136.27 and traded as low as GBX 132. Motorpoint Group shares last traded at GBX 132, with a volume of 1,769 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MOTR shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on Motorpoint Group from GBX 200 to GBX 190 and set a “buy” rating for the company in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 190.

Motorpoint Group Stock Performance

The firm has a market capitalization of £105.11 million, a price-to-earnings ratio of 36.67 and a beta of 1.00. The company has a 50-day moving average price of GBX 136.27 and a 200-day moving average price of GBX 152.58. The company has a quick ratio of 0.12, a current ratio of 1.20 and a debt-to-equity ratio of 422.83.

Motorpoint Group (LON:MOTR) last announced its earnings results on Wednesday, November 12th. The company reported GBX 3.20 earnings per share for the quarter. Motorpoint Group had a negative return on equity of 25.07% and a negative net margin of 0.77%. As a group, equities research analysts forecast that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

Insider Buying and Selling at Motorpoint Group

In related news, insider Mark Carpenter sold 100,000 shares of the stock in a transaction dated Thursday, November 27th. The shares were sold at an average price of GBX 139, for a total value of £139,000. 21.48% of the stock is currently owned by corporate insiders.

Motorpoint Group Company Profile

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.