Telecom Plus (LON:TEP) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,780.01 ($23.24) and traded as high as GBX 1,826.72 ($23.85). Telecom Plus shares last traded at GBX 1,812 ($23.66), with a volume of 93,093 shares trading hands.

Telecom Plus Stock Up 1.5 %

The company has a market cap of £1.46 billion, a PE ratio of 2,035.96, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The business has a fifty day simple moving average of GBX 1,806.98 and a two-hundred day simple moving average of GBX 1,780.01. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52.

Insiders Place Their Bets

In related news, insider Stuart Burnett purchased 156 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average price of GBX 1,772 ($23.14) per share, with a total value of £2,764.32 ($3,609.72). Corporate insiders own 11.54% of the company’s stock.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.