Vertu Motors (LON:VTU) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Vertu Motors' stock price fell below its two hundred day moving average for the first time, trading at GBX 59.70, down from its average of GBX 60.66.
• Analysts from Shore Capital have maintained a "house stock" rating on Vertu Motors, indicating confidence in the company's potential.
• The company reported a quarterly earnings per share of GBX 4.46, with a projected earnings per share of approximately 8.94 for the current year, despite a low return on equity of 5.37% and a slim net margin of 0.40%.

Vertu Motors plc (LON:VTU - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 60.66 ($0.81) and traded as low as GBX 58.40 ($0.78). Vertu Motors shares last traded at GBX 59.70 ($0.80), with a volume of 707,689 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "house stock" rating on shares of Vertu Motors in a research report on Wednesday, October 8th.

Vertu Motors Stock Down 0.8%

The business has a fifty day simple moving average of GBX 60.40 and a two-hundred day simple moving average of GBX 60.66. 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 company has a market cap of £186.16 million, a PE ratio of 1,170.59 and a beta of 1.15.

Vertu Motors (LON:VTU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 8th. The company reported GBX 4.46 EPS for the quarter. Vertu Motors had a return on equity of 5.37% and a net margin of 0.40%. As a group, equities research analysts predict that Vertu Motors plc will post 8.9391576 earnings per share for the current year.

About Vertu Motors

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.

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