Motorpoint Group (LON:MOTR) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Motorpoint Group Plc (LON:MOTR) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 129.40 and traded as high as GBX 129.50. Motorpoint Group shares last traded at GBX 129.50, with a volume of 9,377 shares changing hands.

Analyst Ratings Changes

MOTR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating for the company in a research report on Thursday, April 9th. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 180.

Motorpoint Group Trading Down 0.4%

The stock has a market capitalization of £102.73 million, a PE ratio of 25.80 and a beta of 0.75. The company has a quick ratio of 0.12, a current ratio of 1.06 and a debt-to-equity ratio of 226.34. The business’s 50-day moving average is GBX 129.40 and its two-hundred day moving average is GBX 137.38.

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.