Motorpoint Group (LON:MOTR) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Motorpoint Group Plc (LON:MOTRGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 160.05 and traded as low as GBX 154.82. Motorpoint Group shares last traded at GBX 154.82, with a volume of 9,685 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Motorpoint Group in a report on Thursday, October 9th.

Read Our Latest Research Report on Motorpoint Group

Motorpoint Group Price Performance

The stock has a market capitalization of £126.09 million, a P/E ratio of 42.64 and a beta of 1.00. The business has a fifty day simple moving average of GBX 160.05 and a 200 day simple moving average of GBX 163.59. The company has a current ratio of 1.20, a quick ratio of 0.12 and a debt-to-equity ratio of 422.83.

Motorpoint Group (LON:MOTRGet Free Report) last posted its earnings results on Wednesday, November 12th. The company reported GBX 3.20 earnings per share (EPS) for the quarter. Motorpoint Group had a negative net margin of 0.77% and a negative return on equity of 25.07%. On average, analysts expect that Motorpoint Group Plc will post 3.5133843 earnings per share for the current year.

About Motorpoint Group

(Get Free Report)

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.

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