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

Shares of Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,797.59 ($22.69) and traded as low as GBX 1,720 ($21.71). Telecom Plus shares last traded at GBX 1,734 ($21.89), with a volume of 37,746 shares changing hands.

Telecom Plus Stock Performance

The company’s fifty day moving average price is GBX 1,761.14 and its 200 day moving average price is GBX 1,797.13. The company has a market cap of £1.38 billion, a PE ratio of 1,966.29, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29.

Telecom Plus Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be issued a GBX 37 ($0.47) dividend. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 2.1%. Telecom Plus’s dividend payout ratio is currently 9,325.84%.

Insider Buying and Selling

In related news, insider Charles Wigoder acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 1,770 ($22.34) per share, for a total transaction of £3,540,000 ($4,468,004.54). 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.