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

Shares of Motorpoint Group Plc (LON:MOTR) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 126.57 and traded as low as GBX 122. Motorpoint Group shares last traded at GBX 122, with a volume of 113,149 shares changing hands.

Analyst Upgrades and Downgrades

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

Motorpoint Group Stock Performance

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 cap of £97.15 million, a price-to-earnings ratio of 18.48 and a beta of 0.83. The stock has a 50-day moving average of GBX 126.57 and a 200-day moving average of GBX 130.24.

Motorpoint Group (LON:MOTR) last posted its quarterly 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 for the quarter. Motorpoint Group had a return on equity of 22.27% and a net margin of 0.44%. As a group, analysts anticipate that Motorpoint Group Plc will post 3.5133843 EPS 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.