Bank of Georgia Group (LON:BGEO) Shares Cross Below 200 Day Moving Average of $4,335.95

Shares of Bank of Georgia Group PLC (LON:BGEO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,335.95 ($54.84) and traded as low as GBX 4,045 ($51.16). Bank of Georgia Group shares last traded at GBX 4,170 ($52.74), with a volume of 628,513 shares.

Bank of Georgia Group Price Performance

The company has a 50 day simple moving average of GBX 4,179.25 and a 200-day simple moving average of GBX 4,335.95. The stock has a market cap of £1.89 billion, a P/E ratio of 482.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.08.

Insiders Place Their Bets

In other news, insider Andrew McIntyre purchased 520 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of GBX 3,789 ($47.93) per share, with a total value of £19,702.80 ($24,921.33). Corporate insiders own 27.58% of the company’s stock.

Bank of Georgia Group Company Profile

Bank of Georgia Group PLC, through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets. It operates through Retail Banking, SME Banking, Corporate Investment Banking, and BNB segments. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and handles customers' deposits for individuals and legal entities.