Telecom Plus (LON:TEP) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Telecom Plus Plc (LON:TEP) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,785.93 ($22.35) and traded as low as GBX 1,696.70 ($21.23). Telecom Plus shares last traded at GBX 1,718 ($21.50), with a volume of 21,380 shares trading hands.

Telecom Plus Price 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 has a market cap of £1.36 billion, a PE ratio of 1,930.34, a P/E/G ratio of 2.86 and a beta of 0.57. The company’s 50 day moving average is GBX 1,736.18 and its 200-day moving average is GBX 1,785.93.

Telecom Plus Cuts Dividend

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

Insider Activity at Telecom Plus

In related news, insider Charles Wigoder purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 1,770 ($22.15) per share, for a total transaction of £3,540,000 ($4,429,983.73). 11.54% of the stock is currently owned by company insiders.

Telecom Plus Company Profile

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.