Telecom Plus (LON:TEP) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Telecom Plus Plc (LON:TEP)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,785.93 ($22.35) and traded as low as GBX 1,696.70 ($21.23). Telecom Plus shares last traded at GBX 1,718 ($21.50), with a volume of 21,380 shares trading hands.

Telecom Plus Price Performance

The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The company has a 50 day simple moving average of GBX 1,736.18 and a 200-day simple moving average of GBX 1,785.93. The stock has a market cap of £1.36 billion, a price-to-earnings ratio of 1,930.34, a PEG ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were given a dividend of GBX 37 ($0.46) per share. This represents a dividend yield of 2.1%. The ex-dividend date was Thursday, December 5th. Telecom Plus’s dividend payout ratio is currently 9,325.84%.

Insiders Place Their Bets

In other Telecom Plus news, insider Charles Wigoder bought 200,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of GBX 1,770 ($22.15) per share, with a total value of £3,540,000 ($4,429,983.73). 11.54% of the stock is currently owned by corporate insiders.

About Telecom Plus

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.