Vertu Motors (LON:VTU) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 68.36 ($0.86) and traded as low as GBX 59.80 ($0.75). Vertu Motors shares last traded at GBX 60 ($0.75), with a volume of 160,988 shares traded.

Vertu Motors Trading Down 0.7 %

The firm has a market capitalization of £197.92 million, a P/E ratio of 857.14 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 0.26 and a debt-to-equity ratio of 58.72. The stock has a 50 day simple moving average of GBX 62.83 and a 200-day simple moving average of GBX 68.29.

Vertu Motors Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 1.56%. Vertu Motors’s dividend payout ratio is currently 2,857.14%.

Insiders Place Their Bets

In other Vertu Motors news, insider David Crane sold 196,736 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 66 ($0.83), for a total value of £129,845.76 ($163,184.32). Insiders own 29.37% of the company’s stock.

About Vertu Motors

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors.