Vertu Motors (LON:VTU) Shares Cross Below 200 Day Moving Average – Should You Sell?

Vertu Motors plc (LON:VTU)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.59 ($0.83) and traded as low as GBX 58 ($0.72). Vertu Motors shares last traded at GBX 59.40 ($0.74), with a volume of 228,682 shares changing hands.

Vertu Motors Stock Performance

The stock’s 50-day simple moving average is GBX 61.99 and its 200 day simple moving average is GBX 66.59. The company has a debt-to-equity ratio of 58.72, a quick ratio of 0.26 and a current ratio of 1.03. The company has a market capitalization of £191.82 million, a PE ratio of 830.73 and a beta of 1.15.

Vertu Motors Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be given a GBX 0.90 ($0.01) dividend. This represents a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 12th. Vertu Motors’s dividend payout ratio is presently 2,857.14%.

Insider Buying and Selling at Vertu Motors

In other news, insider David Crane sold 196,736 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.82), for a total value of £129,845.76 ($161,983.23). Insiders own 29.37% of the company’s stock.

Vertu Motors Company Profile

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors.