Vertu Motors (LON:VTU) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 61.97 and traded as high as GBX 63. Vertu Motors shares last traded at GBX 60.50, with a volume of 865,617 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Vertu Motors in a report on Tuesday, November 4th.

Vertu Motors Stock Down 0.3%

The company has a debt-to-equity ratio of 39.04, a current ratio of 1.04 and a quick ratio of 0.26. The company has a market capitalization of £187.17 million, a price-to-earnings ratio of 12.68 and a beta of 1.15. The firm’s 50-day simple moving average is GBX 62.92 and its two-hundred day simple moving average is GBX 61.97.

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. The company's franchise dealerships include Audi, BMW, Honda, Jaguar, Jeep, Kia, Volvo, Land Rover, Mercedes-Benz, Mercedes-AMG, MINI, smart, Volkswagen, Citroen, CUPRA, Dacia, DS, Ford, Hyundai, MG, Nissan, Peugeot, Renault, SEAT, SKODA, Vauxhall, Ford, Mazda, and Toyota.