Vertu Motors (LON:VTU) Share Price Passes Below 200-Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 65.03 ($0.80) and traded as low as GBX 53.70 ($0.66). Vertu Motors shares last traded at GBX 54.10 ($0.67), with a volume of 142,029 shares trading hands.

Vertu Motors Stock Performance

The company’s fifty day moving average is GBX 59.43 and its 200 day moving average is GBX 65.03. The company has a market capitalization of £178.46 million, a P/E ratio of 772.86 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 0.26 and a debt-to-equity ratio of 58.72.

Insider Buying and Selling

In related news, insider David Crane sold 196,736 shares of Vertu Motors stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 66 ($0.82), for a total value of £129,845.76 ($160,382.61). 29.37% of the stock is currently owned by company insiders.

About Vertu Motors

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.