Vertu Motors (LON:VTU) Shares Pass Below 200 Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 68.84 ($0.87) and traded as low as GBX 62.20 ($0.79). Vertu Motors shares last traded at GBX 62.80 ($0.79), with a volume of 242,134 shares changing hands.

Vertu Motors Stock Performance

The stock has a market cap of £202.54 million, a P/E ratio of 898.57 and a beta of 1.15. The company has a debt-to-equity ratio of 58.72, a quick ratio of 0.26 and a current ratio of 1.03. The firm’s fifty day simple moving average is GBX 62.62 and its 200-day simple moving average is GBX 68.84.

Vertu Motors Cuts Dividend

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

Insider Activity at Vertu Motors

In other Vertu Motors news, insider David Crane sold 196,736 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 66 ($0.83), for a total value of £129,845.76 ($163,884.59). 29.37% of the stock is 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.