TBC Bank Group (LON:TBCG) Shares Cross Below 50 Day Moving Average – Here’s Why

TBC Bank Group PLC (LON:TBCGGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3,112.92 ($37.87) and traded as low as GBX 3,040 ($36.99). TBC Bank Group shares last traded at GBX 3,070 ($37.35), with a volume of 49,167 shares trading hands.

TBC Bank Group Stock Down 0.6 %

The firm has a 50 day moving average of GBX 3,112.92 and a 200-day moving average of GBX 2,936.69. The company has a market cap of £1.69 billion, a P/E ratio of 504.93, a PEG ratio of 0.80 and a beta of 1.07.

Insider Activity

In other news, insider Nino (Venera) Suknidze sold 4,894 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of GBX 3,250 ($39.54), for a total transaction of £159,055 ($193,521.11). Insiders own 23.77% of the company’s stock.

TBC Bank Group Company Profile

(Get Free Report)

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia.

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