Motorpoint Group (LON:MOTR) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Motorpoint Group Plc (LON:MOTR)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 125.06 and traded as high as GBX 127.50. Motorpoint Group shares last traded at GBX 125, with a volume of 984,747 shares traded.

Analyst Ratings Changes

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

Motorpoint Group Stock Down 1.8%

The stock’s 50-day moving average price is GBX 125.06 and its 200-day moving average price is GBX 128. The company has a current ratio of 1.00, a quick ratio of 0.12 and a debt-to-equity ratio of 856.92. The stock has a market cap of £98.74 million, a price-to-earnings ratio of 18.79 and a beta of 0.82.

Motorpoint Group (LON:MOTR) last posted its quarterly earnings data on Wednesday, June 10th. The company reported GBX 6.60 earnings per share for the quarter. Motorpoint Group had a net margin of 0.44% and a return on equity of 22.27%. The company had revenue of GBX 126.86 billion during the quarter. On average, sell-side analysts expect that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

Insider Transactions at Motorpoint Group

In other news, insider Keith Mansfield purchased 43,124 shares of the business’s stock in a transaction on Monday, July 27th. The shares were acquired at an average price of GBX 125 per share, with a total value of £53,905. 22.21% of the stock is currently owned by insiders.

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.