Motorpoint Group (LON:MOTR) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Motorpoint Group Plc (LON:MOTR – Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 127.29 and traded as low as GBX 124.50. Motorpoint Group shares last traded at GBX 127.60, with a volume of 23,060 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on MOTR. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 180.

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Motorpoint Group Price Performance

The company has a current ratio of 1.06, a quick ratio of 0.12 and a debt-to-equity ratio of 226.34. The stock has a market cap of £98.35 million, a price-to-earnings ratio of 24.70 and a beta of 0.78. The stock has a 50-day moving average price of GBX 127.55 and a two-hundred day moving average price of GBX 132.51.

About Motorpoint Group

(Get Free Report)

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.

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