Motorpoint Group (LON:MOTR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Motorpoint Group Plc (LON:MOTR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 130.90 and traded as low as GBX 124. Motorpoint Group shares last traded at GBX 124, with a volume of 52,801 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on MOTR shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Motorpoint Group from GBX 180 to GBX 170 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Shore Capital Group reiterated a “house stock” rating on shares of Motorpoint Group in a report on Wednesday, June 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 170.

Motorpoint Group Price Performance

The stock has a 50 day moving average of GBX 127.09 and a two-hundred day moving average of GBX 130.90. The company has a debt-to-equity ratio of 296.15, a quick ratio of 0.12 and a current ratio of 1.00. The firm has a market capitalization of £98.74 million, a P/E ratio of 24.80 and a beta of 0.77.

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

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.