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

Motorpoint Group Plc (LON:MOTR) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 125.03 and traded as low as GBX 118.50. Motorpoint Group shares last traded at GBX 120, with a volume of 29,207 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on MOTR shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 170.

Motorpoint Group Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.12 and a debt-to-equity ratio of 296.15. The stock’s 50 day moving average is GBX 125.03 and its two-hundred day moving average is GBX 129.02. The stock has a market cap of £97.15 million, a price-to-earnings ratio of 18.48 and a beta of 0.83.

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

Insider Activity

In other news, insider Keith Mansfield purchased 43,124 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was purchased at an average cost of GBX 125 per share, with a total value of £53,905. 22.15% of the stock is currently owned by company 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.