Vertu Motors (LON:VTU) Stock Price Down 0.3% – What’s Next?

Vertu Motors plc (LON:VTU) shares were down 0.3% during mid-day trading on Wednesday . The company traded as low as GBX 60.30 ($0.77) and last traded at GBX 61.50 ($0.78). Approximately 120,338 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 655,047 shares. The stock had previously closed at GBX 61.70 ($0.78).

Vertu Motors Stock Down 0.3 %

The stock’s 50-day moving average is GBX 62.43 and its 200-day moving average is GBX 69.43. The stock has a market cap of £202.87 million, a P/E ratio of 878.57 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.

Vertu Motors Cuts Dividend

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

Insider Activity at Vertu Motors

In other news, insider David Crane sold 196,736 shares of Vertu Motors stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.84), for a total value of £129,845.76 ($164,988.26). 29.37% of the stock is currently owned by insiders.

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.