Vertu Motors (LON:VTU) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Vertu Motors plc (LON:VTUGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.59 ($0.82) and traded as low as GBX 58 ($0.71). Vertu Motors shares last traded at GBX 59.40 ($0.73), with a volume of 228,682 shares trading hands.

Vertu Motors Price Performance

The stock has a market capitalization of £187.37 million, a P/E ratio of 811.43 and a beta of 1.15. The company’s 50 day simple moving average is GBX 61.80 and its two-hundred day simple moving average is GBX 66.53. The company has a debt-to-equity ratio of 58.72, a current ratio of 1.03 and a quick ratio of 0.26.

Vertu Motors Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 12th will be given 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 (DPR) is presently 2,857.14%.

Insider Buying and Selling at Vertu Motors

In other news, insider David Crane sold 196,736 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.81), for a total transaction of £129,845.76 ($159,770.84). Corporate insiders own 29.37% of the company’s stock.

Vertu Motors Company Profile

(Get Free Report)

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.

Further Reading

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