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

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

Vertu Motors Stock Down 0.3 %

The firm has a market capitalization of £202.87 million, a PE ratio of 878.57 and a beta of 1.15. The firm’s 50 day moving average price is GBX 62.43 and its two-hundred day moving average price is GBX 69.43. The company has a quick ratio of 0.26, a current ratio of 1.03 and a debt-to-equity ratio of 58.72.

Vertu Motors Cuts Dividend

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

Insider Activity

In other Vertu Motors news, insider David Crane sold 196,736 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 66 ($0.84), for a total transaction of £129,845.76 ($164,988.26). Insiders own 29.37% of the company’s stock.

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.