Vertu Motors (LON:VTU) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Vertu Motors plc stock has crossed below its 200-day moving average, trading at GBX 60.50, raising concerns for investors on whether to sell.
• Shore Capital has reaffirmed a "house stock" rating for Vertu Motors, indicating continued support for the company's stock despite its recent performance.
• The company has a significant price-to-earnings ratio of 1,188.51, which may suggest overvaluation in the market.

Vertu Motors plc (LON:VTU - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 60.15 ($0.81) and traded as low as GBX 59.10 ($0.79). Vertu Motors shares last traded at GBX 60.50 ($0.81), with a volume of 368,150 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Vertu Motors in a research report on Thursday, September 4th.

Vertu Motors Price Performance

The company has a 50-day moving average of GBX 60.58 and a 200-day moving average of GBX 60.15. The company has a debt-to-equity ratio of 39.04, a quick ratio of 0.26 and a current ratio of 1.04. The stock has a market cap of £189.63 million, a price-to-earnings ratio of 1,188.51 and a beta of 1.15.

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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