Vertu Motors (LON:VTU) Stock Crosses Below 200 Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU)’s share 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 changing hands.

Vertu Motors Stock Performance

The firm has a market cap of £187.37 million, a price-to-earnings ratio of 811.43 and a beta of 1.15. The firm’s 50 day moving average is GBX 61.80 and its 200-day moving average is GBX 66.53. The company has a debt-to-equity ratio of 58.72, a quick ratio of 0.26 and a current ratio of 1.03.

Vertu Motors Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be given a GBX 0.90 ($0.01) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 1.56%. Vertu Motors’s dividend payout ratio is currently 2,857.14%.

Insider Activity

In related news, insider David Crane sold 196,736 shares of Vertu Motors stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.81), for a total value of £129,845.76 ($159,770.84). 29.37% of the stock is currently owned by insiders.

About Vertu Motors

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.