Motorpoint Group (LON:MOTR) Stock Price Up 12.6% Following Insider Buying Activity

Shares of Motorpoint Group Plc (LON:MOTR) were up 12.6% during trading on Wednesday following insider buying activity. The stock traded as high as GBX 134 ($1.70) and last traded at GBX 132 ($1.68). Approximately 223,901 shares were traded during 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 purchased 18,632 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of GBX 133 ($1.69) per share, for a total transaction of £24,780.56 ($31,455.39).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Motorpoint Group in a research note 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 stock’s fifty day simple moving average is GBX 147.62 and its 200-day simple moving average is GBX 144.36. The company has a market capitalization 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.