Motorpoint Group (LON:MOTR) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Motorpoint Group Plc (LON:MOTR) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 154.27 ($2.00) and traded as low as GBX 151 ($1.96). Motorpoint Group shares last traded at GBX 152 ($1.97), with a volume of 234,671 shares.

Wall Street Analyst Weigh In

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

Motorpoint Group Stock Down 1.3 %

The stock has a fifty day moving average price of GBX 154.27 and a 200-day moving average price of GBX 145.71. The firm has a market cap of £127.50 million, a PE ratio of -1,688.89 and a beta of 1.00. The company has a debt-to-equity ratio of 422.83, a quick ratio of 0.12 and a current ratio of 1.20.

About Motorpoint Group

Motorpoint Group Plc operates as independent omnichannel vehicle retailer in the United Kingdom. It operates through Retail and Wholesale segments. The company also offers new cars that are under four years old or have completed less than 30,000 miles; and range of commercial vehicles under the Motorpoint brand.