Motorpoint Group (LON:MOTR) Shares Cross Below Fifty Day Moving Average – What’s Next?

Motorpoint Group Plc (LON:MOTR) crossed 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 trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 170.

Motorpoint Group Price Performance

The company has a fifty day moving average of GBX 124.95 and a 200 day moving average of GBX 128.49. The firm has a market capitalization of £97.55 million, a P/E ratio of 18.56 and a beta of 0.82. The company has a debt-to-equity ratio of 856.92, a current ratio of 1.00 and a quick ratio of 0.12.

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

Insider Buying and Selling 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 stock was bought at an average cost of GBX 125 per share, for a total transaction of £53,905. 22.21% of the stock is currently owned by company 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.