Vertu Motors (LON:VTU) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Vertu Motors' share price recently crossed above its 200-day moving average, reflecting a trading high of GBX 60 ($0.81).
• The company's market cap stands at £194.38 million with a P/E ratio of 10.44, indicating potential investment valuation.
• Insiders have been actively buying shares, acquiring a total of 8,307 shares worth $539,955 in the last quarter, showcasing confidence in the company's outlook.

Vertu Motors plc (LON:VTU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 58.61 ($0.79) and traded as high as GBX 60 ($0.81). Vertu Motors shares last traded at GBX 60 ($0.81), with a volume of 190,573 shares.

Vertu Motors Trading Down 0.2%

The company has a market cap of £193.40 million, a PE ratio of 10.38 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 39.04. The business has a 50 day simple moving average of GBX 61.53 and a two-hundred day simple moving average of GBX 58.73.

Insider Transactions at Vertu Motors

In related news, insider David Crane acquired 2,769 shares of the business's stock in a transaction on Monday, June 9th. The shares were bought at an average cost of GBX 65 per share, with a total value of £1,799.85. Also, insider Robert Forrester acquired 2,769 shares of the business's stock in a transaction on Monday, June 9th. The stock was bought at an average cost of GBX 65 per share, for a total transaction of £1,799.85. Insiders bought a total of 8,307 shares of company stock worth $539,955 in the last ninety days. Insiders own 29.37% of the company's stock.

Vertu Motors Company Profile

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors.