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

Shares of Motorpoint Group Plc (LON:MOTR) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 129.92 ($1.62) and traded as low as GBX 121.50 ($1.52). Motorpoint Group shares last traded at GBX 121.50 ($1.52), with a volume of 5,585 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Motorpoint Group in a research note on Tuesday, October 8th.

Motorpoint Group Trading Down 4.3 %

The company has a debt-to-equity ratio of 422.83, a quick ratio of 0.12 and a current ratio of 1.20. The firm has a market cap of £103.28 million, a price-to-earnings ratio of -1,350.00 and a beta of 1.00. The company’s 50-day moving average is GBX 129.92 and its 200-day moving average is GBX 141.28.

Motorpoint Group (LON:MOTR) last released its quarterly earnings results on Wednesday, November 27th. The company reported GBX 1.70 ($0.02) EPS for the quarter. Motorpoint Group had a negative net margin of 0.77% and a negative return on equity of 24.00%. On average, research analysts predict that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

Insider Transactions at Motorpoint Group

In other Motorpoint Group news, insider Chris Morgan purchased 18,632 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of GBX 133 ($1.66) per share, for a total transaction of £24,780.56 ($30,940.89). 18.06% of the stock is currently owned by corporate 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.