Motorpoint Group (LON:MOTR) Shares Up 12.6% After Insider Buying Activity

Motorpoint Group Plc (LON:MOTR)’s stock price was up 12.6% on Wednesday following insider buying activity. The company traded as high as GBX 134 ($1.70) and last traded at GBX 132 ($1.68). Approximately 223,901 shares changed hands during mid-day trading, an increase of 258% from the average daily volume of 62,538 shares. The stock had previously closed at GBX 117.25 ($1.49).

Specifically, insider Chris Morgan bought 18,632 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of GBX 133 ($1.69) per share, with a total value of £24,780.56 ($31,455.39).

Analyst Ratings Changes

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

Motorpoint Group Stock Down 1.3 %

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 firm has a 50-day moving average of GBX 147.62 and a 200 day moving average of GBX 144.36. The stock has a market capitalization of £110.08 million, a price-to-earnings ratio of -1,438.89 and a beta of 1.00.

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.