Telecom Plus (LON:TEP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Telecom Plus Plc (LON:TEP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,789.66 ($23.24) and traded as low as GBX 1,778 ($23.08). Telecom Plus shares last traded at GBX 1,788 ($23.21), with a volume of 57,356 shares.

Telecom Plus Stock Performance

The company has a market capitalization of £1.41 billion, a P/E ratio of 2,008.99, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. The company’s fifty day moving average is GBX 1,814.86 and its 200 day moving average is GBX 1,789.66.

Insider Activity

In related news, insider Stuart Burnett acquired 156 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of GBX 1,772 ($23.01) per share, with a total value of £2,764.32 ($3,589.09). 11.54% of the stock is owned by company insiders.

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.