Vertu Motors (LON:VTU) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Vertu Motors plc (LON:VTU) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 68.36 ($0.86) and traded as low as GBX 59.80 ($0.75). Vertu Motors shares last traded at GBX 60 ($0.75), with a volume of 160,988 shares changing hands.

Vertu Motors Stock Performance

The business’s fifty day moving average is GBX 62.83 and its two-hundred day moving average is GBX 68.29. The company has a quick ratio of 0.26, a current ratio of 1.03 and a debt-to-equity ratio of 58.72. The stock has a market capitalization of £197.92 million, a PE ratio of 857.14 and a beta of 1.15.

Vertu Motors Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 0.90 ($0.01) per share. This represents a yield of 1.56%. The ex-dividend date is Thursday, December 12th. Vertu Motors’s payout ratio is 2,857.14%.

Insiders Place Their Bets

In related news, insider David Crane sold 196,736 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 66 ($0.83), for a total value of £129,845.76 ($163,184.32). 29.37% of the stock is owned by insiders.

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.