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

Motorpoint Group Plc (LON:MOTR) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 130.16 and traded as low as GBX 127. Motorpoint Group shares last traded at GBX 127, with a volume of 1,860 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MOTR. Shore Capital Group reissued a “house stock” rating on shares of Motorpoint Group in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 180.

Motorpoint Group Stock Up 4.3%

The company has a market capitalization of £106.71 million, a P/E ratio of 26.80 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.12 and a debt-to-equity ratio of 226.34. The stock has a 50 day moving average price of GBX 130.16 and a 200 day moving average price of GBX 138.43.

Motorpoint Group Company Profile

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.