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

Key Points

• Shares of Vertu Motors plc (LON:VTU) have recently surpassed their 200-day moving average, trading at GBX 62.20 ($0.84).
• Analysts from Shore Capital have reaffirmed a "house stock" rating for Vertu Motors as of September 4th, indicating positive sentiment about the stock's potential.
• The company has a market capitalization of £192.72 million, with a notably high price-to-earnings ratio of 1,207.84.

Shares of Vertu Motors plc (LON:VTU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.37 ($0.81) and traded as high as GBX 62.80 ($0.86). Vertu Motors shares last traded at GBX 62.20 ($0.85), with a volume of 204,818 shares trading hands.

Analysts Set New Price Targets

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

Vertu Motors Stock Performance

The firm has a market capitalization of £193.65 million, a PE ratio of 1,213.73 and a beta of 1.15. The stock has a 50-day moving average price of GBX 60.96 and a 200-day moving average price of GBX 59.61. The company has a debt-to-equity ratio of 39.04, a current ratio of 1.04 and a quick ratio of 0.26.

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.