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

Key Points

• Motorpoint Group shares fell below their 50-day moving average, trading as low as GBX 122.50 and last changing hands at GBX 124, down 1.2%.
• Despite the technical weakness, analysts remain positive: the stock has an average “Buy” rating and a GBX 170 average price target, though Deutsche Bank cut its target from GBX 180 to GBX 170.
• The company reported GBX 6.60 in quarterly earnings per share and GBX 126.86 billion in revenue. Insider Keith Mansfield also bought 43,124 shares, while insiders collectively own 22.21% of the company.

Motorpoint Group Plc (LON:MOTR - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 124.95 and traded as low as GBX 122.50. Motorpoint Group shares last traded at GBX 124, with a volume of 9,695 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Motorpoint Group from GBX 180 to GBX 170 and set a "buy" rating for the company in a research report on Tuesday, June 16th. Shore Capital Group reissued a "house stock" rating on shares of Motorpoint Group in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Motorpoint Group presently has an average rating of "Buy" and an average price target of GBX 170.

Motorpoint Group Stock Down 1.2%

The company has a market capitalization of £97.55 million, a price-to-earnings ratio of 18.56 and a beta of 0.82. The company has a debt-to-equity ratio of 856.92, a current ratio of 1.00 and a quick ratio of 0.12. The firm's fifty day moving average price is GBX 124.95 and its 200-day moving average price is GBX 128.49.

Motorpoint Group (LON:MOTR - Get Free Report) last released its quarterly earnings data on Wednesday, June 10th. The company reported GBX 6.60 earnings per share for the quarter. The company 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%. Sell-side analysts expect that Motorpoint Group Plc will post 3.5133843 earnings per share for the current fiscal year.

Insider Activity at Motorpoint Group

In other news, insider Keith Mansfield purchased 43,124 shares of Motorpoint Group stock in a transaction dated Monday, July 27th. The shares were bought at an average cost of GBX 125 per share, for a total transaction of £53,905. Insiders own 22.21% of the company's stock.

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.

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