Motorpoint Group (LON:MOTR) Trading Down 0.9% - Here's Why

Key Points

• Motorpoint Group's stock price fell by 0.9% to GBX 160 ($2.15) during mid-day trading, with a significant drop in trading volume.
• Shore Capital has reissued a "house stock" rating for Motorpoint Group as of July 22nd.
• The company features a market capitalization of £131.43 million and a high PE ratio of 4,444.44, indicating potential concerns regarding valuation.

Motorpoint Group Plc (LON:MOTR - Get Free Report)'s stock price traded down 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 156.50 ($2.10) and last traded at GBX 160 ($2.15). 34,646 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 48,539 shares. The stock had previously closed at GBX 161.50 ($2.17).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Motorpoint Group in a research note on Tuesday, July 22nd.

Motorpoint Group Stock Performance

The firm has a 50-day moving average price of GBX 174.17 and a 200 day moving average price of GBX 157.12. The firm has a market capitalization of £131.43 million, a PE ratio of 4,444.44 and a beta of 1.00. The company has a quick ratio of 0.12, a current ratio of 1.20 and a debt-to-equity ratio of 422.83.

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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