Telecom Plus (LON:TEP) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,791.96 ($22.46) and traded as low as GBX 1,672 ($20.96). Telecom Plus shares last traded at GBX 1,712 ($21.46), with a volume of 42,098 shares trading hands.

Telecom Plus Stock Performance

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 stock’s 50-day moving average is GBX 1,748.62 and its 200-day moving average is GBX 1,791.52. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 1,941.57, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

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

Insider Buying and Selling

In other Telecom Plus news, insider Charles Wigoder purchased 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 ($22.19) per share, with a total value of £3,540,000 ($4,437,758.56). 11.54% of the stock is 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.