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Motorpoint Group (LON:MOTR) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Motorpoint Group logo with Consumer Cyclical background

Shares of Motorpoint Group Plc (LON:MOTR - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 154.27 ($2.00) and traded as low as GBX 151 ($1.96). Motorpoint Group shares last traded at GBX 152 ($1.97), with a volume of 234,671 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of Motorpoint Group in a report on Tuesday, October 8th.

Read Our Latest Analysis on Motorpoint Group

Motorpoint Group Trading Down 7.0 %

The stock has a market cap of £120.21 million, a price-to-earnings ratio of -1,669.50 and a beta of 1.00. The business's 50 day simple moving average is GBX 154.45 and its 200 day simple moving average is GBX 145.75. The company has a quick ratio of 0.12, a current ratio of 1.20 and a debt-to-equity ratio of 422.83.

Motorpoint Group Company Profile

(Get Free Report)

Motorpoint Group Plc operates as independent omnichannel vehicle retailer in the United Kingdom. It operates through Retail and Wholesale segments. The company also offers new cars that are under four years old or have completed less than 30,000 miles; and range of commercial vehicles under the Motorpoint brand.

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