Motorpoint Group (LON:MOTR) Trading 12.6% Higher on Insider Buying Activity

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

Specifically, insider Chris Morgan purchased 18,632 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 133 ($1.69) per share, for a total transaction of £24,780.56 ($31,455.39).

Analysts Set New Price Targets

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

Motorpoint Group Price 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’s 50-day moving average price is GBX 147.62 and its 200-day moving average price is GBX 144.36. The company has a market cap of £110.08 million, a P/E ratio of -1,438.89 and a beta of 1.00.

Motorpoint Group Company Profile

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.