Motorpoint Group (LON:MOTR) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

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 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 trading hands.

Analysts Set New Price Targets

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

Motorpoint Group Price Performance

The stock has a market cap of £103.28 million, a P/E ratio of -1,350.00 and a beta of 1.00. The company has a debt-to-equity ratio of 422.83, a quick ratio of 0.12 and a current ratio of 1.20. The firm has a 50-day moving average price of GBX 129.92 and a 200-day moving average price of GBX 141.27.

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

Insider Transactions at Motorpoint Group

In other news, insider Chris Morgan bought 18,632 shares of the stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of GBX 133 ($1.66) per share, with a total value of £24,780.56 ($30,933.17). Insiders own 18.06% of the company’s stock.

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.