Motorpoint Group (LON:MOTR) Shares Cross Below 50 Day Moving Average – Time to Sell?

Motorpoint Group Plc (LON:MOTR) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 126.57 and traded as low as GBX 122. Motorpoint Group shares last traded at GBX 122, with a volume of 113,149 shares.

Wall Street Analyst Weigh In

MOTR has been the subject of a number of recent analyst reports. Shore Capital Group restated a “house stock” rating on shares of Motorpoint Group in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating for the company in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 170.

Motorpoint Group Stock Performance

The business’s fifty day moving average price is GBX 126.57 and its 200-day moving average price is GBX 130.24. The company has a debt-to-equity ratio of 296.15, a current ratio of 1.00 and a quick ratio of 0.12. The stock has a market capitalization of £97.15 million, a PE ratio of 18.48 and a beta of 0.83.

Motorpoint Group (LON:MOTR) last released its quarterly earnings results on Wednesday, June 10th. The company reported GBX 6.60 earnings per share for the quarter. The firm had revenue of GBX 126.86 billion for the quarter. Motorpoint Group had a net margin of 0.44% and a return on equity of 22.27%. As a group, equities research analysts expect that Motorpoint Group Plc will post 3.5133843 EPS for the current year.

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.