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

Telecom Plus Plc (LON:TEP) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,748.71 ($22.04) and traded as low as GBX 1,693.28 ($21.34). Telecom Plus shares last traded at GBX 1,698 ($21.40), with a volume of 44,122 shares trading hands.

Telecom Plus Price Performance

The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. 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 moving average of GBX 1,688.83 and a 200 day moving average of GBX 1,748.43.

Telecom Plus (LON:TEP) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 43.60 ($0.55) EPS for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. As a group, equities research analysts forecast that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Charles Wigoder acquired 200,000 shares of Telecom Plus stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 1,770 ($22.31) per share, for a total transaction of £3,540,000 ($4,461,809.93). 11.54% of the stock is owned by corporate 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.