Bank of Georgia Group (LON:BGEO) Shares Down 1% – Here’s Why

Bank of Georgia Group PLC (LON:BGEO)’s share price traded down 1% during trading on Thursday . The stock traded as low as GBX 4,525 ($57.69) and last traded at GBX 4,585 ($58.45). 86,086 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 118,172 shares. The stock had previously closed at GBX 4,630 ($59.03).

Bank of Georgia Group Stock Performance

The stock’s fifty day simple moving average is GBX 4,348.64 and its two-hundred day simple moving average is GBX 4,201.46. The company has a market capitalization of £2.06 billion, a price-to-earnings ratio of 355.27, a P/E/G ratio of 0.88 and a beta of 1.05.

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets. It operates through Retail Banking, SME Banking, Corporate Investment Banking, and BNB segments. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and handles customers' deposits for individuals and legal entities.