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

Motorpoint Group Plc (LON:MOTR)’s stock price crossed 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Motorpoint Group in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Motorpoint Group from GBX 190 to GBX 180 and set a “buy” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 180.

Motorpoint Group Stock Down 1.8%

The firm’s fifty day moving average price is GBX 127.29 and its 200-day moving average price is GBX 132.70. The company has a debt-to-equity ratio of 226.34, a current ratio of 1.06 and a quick ratio of 0.12. The firm has a market capitalization of £101.61 million, a P/E ratio of 25.52 and a beta of 0.78.

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.