Vertu Motors (LON:VTU) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Vertu Motors plc shares recently surpassed their 200-day moving average during trading, indicating potential upward momentum in stock performance.
• The stock currently holds a market cap of £185.83 million and has a notably high P/E ratio of 1,164.71, suggesting that the stock might be overvalued compared to its earnings.
• Wall Street analysts, specifically from Shore Capital, have reiterated a "house stock" rating for Vertu Motors, indicating confidence in the company’s future performance.

Vertu Motors plc (LON:VTU - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.71 ($0.81) and traded as high as GBX 60.10 ($0.81). Vertu Motors shares last traded at GBX 59.40 ($0.80), with a volume of 223,605 shares changing hands.

Analyst Upgrades and Downgrades

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

Vertu Motors Stock Down 0.5%

The firm's fifty day simple moving average is GBX 60.85 and its two-hundred day simple moving average is GBX 59.86. 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 capitalization of £185.83 million, a price-to-earnings ratio of 1,164.71 and a beta of 1.15.

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.