Motorpoint Group (LON:MOTR) Shares Pass Below 50 Day Moving Average – Time to Sell?

Motorpoint Group Plc (LON:MOTR)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 153.16 and traded as low as GBX 138. Motorpoint Group shares last traded at GBX 140.50, with a volume of 551,598 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on MOTR. Shore Capital reissued a “house stock” rating on shares of Motorpoint Group in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Motorpoint Group from GBX 200 to GBX 190 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 190.

Motorpoint Group Price Performance

The firm has a fifty day moving average price of GBX 153.16 and a two-hundred day moving average price of GBX 163.59. The company has a quick ratio of 0.12, a current ratio of 1.20 and a debt-to-equity ratio of 422.83. The stock has a market capitalization of £115.41 million, a P/E ratio of 39.03 and a beta of 1.00.

Motorpoint Group (LON:MOTR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported GBX 3.20 earnings per share (EPS) for the quarter. Motorpoint Group had a negative net margin of 0.77% and a negative return on equity of 25.07%. On average, analysts expect that Motorpoint Group Plc will post 3.5133843 EPS for the current year.

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.