Motorpoint Group (LON:MOTR) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Motorpoint Group Plc (LON:MOTR)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 127.18 and traded as low as GBX 122.50. Motorpoint Group shares last traded at GBX 122.50, with a volume of 40,510 shares.

Analysts Set New Price Targets

MOTR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating for the company in a report on Thursday, April 9th. Shore Capital Group reiterated a “house stock” rating on shares of Motorpoint Group in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 180.

Motorpoint Group Price Performance

The company has a quick ratio of 0.12, a current ratio of 1.06 and a debt-to-equity ratio of 226.34. The company’s fifty day simple moving average is GBX 127.18 and its 200 day simple moving average is GBX 134.59. The firm has a market capitalization of £97.55 million, a PE ratio of 24.50 and a beta of 0.78.

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.