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

Telecom Plus Plc (LON:TEP)’s stock price 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 traded.

Telecom Plus Stock 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 stock has a 50 day simple moving average of GBX 1,748.62 and a two-hundred day simple moving average of GBX 1,791.52. The stock has a market capitalization of £1.37 billion, a P/E ratio of 1,941.57, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

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

Insider Buying and Selling

In related news, insider Charles Wigoder acquired 200,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was purchased 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 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.