Motorpoint Group (LON:MOTR) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Motorpoint Group Plc (LON:MOTR) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 124.95 and traded as low as GBX 122.50. Motorpoint Group shares last traded at GBX 124, with a volume of 9,695 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MOTR. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Shore Capital Group restated a “house stock” rating on shares of Motorpoint Group in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 170.

Motorpoint Group Price Performance

The business’s 50 day moving average is GBX 124.99 and its 200-day moving average is GBX 128.41. The stock has a market cap of £101.13 million, a price-to-earnings ratio of 19.24 and a beta of 0.82. The company has a debt-to-equity ratio of 856.92, a quick ratio of 0.12 and a current ratio of 1.00.

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

Insider Activity at Motorpoint Group

In related news, insider Keith Mansfield purchased 43,124 shares of Motorpoint Group stock in a transaction that occurred on Monday, July 27th. The stock was purchased at an average price of GBX 125 per share, for a total transaction of £53,905. 22.21% of the stock is owned by corporate insiders.

Motorpoint Group Company Profile

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.