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

Motorpoint Group Plc (LON:MOTR) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 125.03 and traded as low as GBX 118.50. Motorpoint Group shares last traded at GBX 120, with a volume of 29,207 shares trading hands.

Wall Street Analysts Forecast Growth

MOTR has been the topic of a number of research analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Motorpoint Group in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 170.

Motorpoint Group Trading Up 1.6%

The stock has a market cap of £98.74 million, a PE ratio of 18.79 and a beta of 0.83. The stock has a 50-day moving average price of GBX 125.32 and a two-hundred day moving average price of GBX 128.84. The company has a debt-to-equity ratio of 296.15, a current ratio of 1.00 and a quick ratio of 0.12.

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

Insider Transactions at Motorpoint Group

In other news, insider Keith Mansfield acquired 43,124 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were acquired at an average cost of GBX 125 per share, with a total value of £53,905. 22.15% 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.