Vertu Motors (LON:VTU) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Vertu Motors shares recently traded above their 200-day moving average, reaching a high of GBX 61.60 ($0.83), with current trading at GBX 60.70 ($0.82).
• The company reported a quarterly earnings per share of GBX 6.58 ($0.09) with a projected full year EPS of 8.94.
• Insiders, including Robert Forrester and David Crane, have recently purchased shares, indicating confidence as insiders own 29.37% of the company's stock.

Vertu Motors plc (LON:VTU - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 58.39 ($0.79) and traded as high as GBX 61.60 ($0.83). Vertu Motors shares last traded at GBX 60.70 ($0.82), with a volume of 347,459 shares.

Vertu Motors Trading Down 0.7%

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 company has a market cap of £194.05 million, a PE ratio of 10.42 and a beta of 1.15. The company has a 50 day simple moving average of GBX 62.02 and a two-hundred day simple moving average of GBX 58.52.

Insider Buying and Selling at Vertu Motors

In other news, insider David Crane bought 2,769 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of GBX 65 per share, for a total transaction of £1,799.85. Also, insider Robert Forrester purchased 2,769 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of GBX 65 per share, with a total value of £1,799.85. Insiders have bought 8,307 shares of company stock worth $539,955 over the last 90 days. 29.37% of the stock is currently owned by corporate insiders.

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.