Motorpoint Group (LON:MOTR) Trading Down 1.9% – Here’s What Happened

Motorpoint Group Plc (LON:MOTR) shares traded down 1.9% during trading on Wednesday . The stock traded as low as GBX 130.50 ($1.61) and last traded at GBX 130.50 ($1.61). 53,536 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 26,078 shares. The stock had previously closed at GBX 133 ($1.64).

Analyst Ratings Changes

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

Motorpoint Group Stock Performance

The company has a debt-to-equity ratio of 422.83, a current ratio of 1.20 and a quick ratio of 0.12. The company has a 50 day simple moving average of GBX 134.02 and a 200-day simple moving average of GBX 142.97. The stock has a market capitalization of £110.93 million, a P/E ratio of -1,450.00 and a beta of 1.00.

Insider Buying and Selling

In related news, insider Chris Morgan bought 18,632 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of GBX 133 ($1.64) per share, for a total transaction of £24,780.56 ($30,631.10). 18.06% of the stock is currently owned by insiders.

About Motorpoint Group

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.