Motorpoint Group (LON:MOTR) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Motorpoint Group Plc (LON:MOTR) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 124.03 ($1.60) and traded as low as GBX 121.50 ($1.57). Motorpoint Group shares last traded at GBX 121.50 ($1.57), with a volume of 43,953 shares traded.

Motorpoint Group Price Performance

The stock has a 50 day simple moving average of GBX 123.95 and a two-hundred day simple moving average of GBX 137.22. The company has a market cap of £106.99 million, a price-to-earnings ratio of -13.51 and a beta of 1.00. The company has a debt-to-equity ratio of 422.83, a current ratio of 1.20 and a quick ratio of 0.12.

Insiders Place Their Bets

In other Motorpoint Group news, insider Mark Carpenter sold 50,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of GBX 121 ($1.57), for a total transaction of £60,500 ($78,256.37). 18.06% of the stock is currently owned by corporate insiders.

About Motorpoint Group

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.