BT Group (LON:BT.A) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of BT Group plc (LON:BT.A) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 137.84 ($1.74) and traded as high as GBX 144.75 ($1.83). BT Group shares last traded at GBX 144.75 ($1.83), with a volume of 10,990,952 shares trading hands.

BT Group Trading Up 0.0 %

The firm has a market capitalization of £14.66 billion, a PE ratio of 1,665.00, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 187.58. The company’s 50-day simple moving average is GBX 144.60 and its 200 day simple moving average is GBX 138.24.

Insider Buying and Selling at BT Group

In other BT Group news, insider Tushar Morzaria purchased 35,000 shares of the stock in a transaction on Friday, November 8th. The stock was acquired at an average price of GBX 136 ($1.72) per share, with a total value of £47,600 ($60,230.29). 43.86% of the stock is owned by insiders.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.