Motorpoint Group (LON:MOTR) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Motorpoint Group Plc (LON:MOTR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 143.89 ($1.83) and traded as low as GBX 134.50 ($1.71). Motorpoint Group shares last traded at GBX 136 ($1.73), with a volume of 78,471 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Motorpoint Group in a research report on Tuesday, October 8th.

Motorpoint Group Price Performance

The firm has a market cap of £115.60 million, a PE ratio of -1,511.11 and a beta of 1.00. The firm’s fifty day simple moving average is GBX 144.80 and its two-hundred day simple moving average is GBX 143.86. The company has a quick ratio of 0.12, a current ratio of 1.20 and a debt-to-equity ratio of 422.83.

Insider Activity

In other Motorpoint Group news, insider Chris Morgan bought 18,632 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of GBX 133 ($1.69) per share, with a total value of £24,780.56 ($31,503.38). Insiders own 18.06% of the company’s stock.

Motorpoint Group Company Profile

Motorpoint Group Plc operates as independent omnichannel vehicle retailer in the United Kingdom. It operates through Retail and Wholesale segments. The company also offers new cars that are under four years old or have completed less than 30,000 miles; and range of commercial vehicles under the Motorpoint brand.