Motorpoint Group (LON:MOTR) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Motorpoint Group Plc (LON:MOTR)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 129.74 ($1.61) and traded as low as GBX 121.50 ($1.51). Motorpoint Group shares last traded at GBX 127 ($1.58), with a volume of 528 shares changing hands.

Analyst Ratings Changes

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

Motorpoint Group Stock Down 3.6 %

The stock has a market cap of £104.09 million, a price-to-earnings ratio of -1,360.61 and a beta of 1.00. The company has a current ratio of 1.20, a quick ratio of 0.12 and a debt-to-equity ratio of 422.83. The stock’s 50-day moving average price is GBX 129.74 and its 200-day moving average price is GBX 140.66.

Motorpoint Group (LON:MOTR) last issued its quarterly earnings results on Wednesday, November 27th. The company reported GBX 1.70 ($0.02) earnings per share (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, sell-side analysts expect that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

Insider Activity at Motorpoint Group

In related news, insider Chris Morgan bought 18,632 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of GBX 133 ($1.65) per share, for a total transaction of £24,780.56 ($30,829.26). 18.06% of the stock is 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.