Tesco (LON:TSCO) Share Price Passes Above 200 Day Moving Average – Here’s Why

Tesco PLC (LON:TSCO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 342.27 ($4.29) and traded as high as GBX 369.30 ($4.63). Tesco shares last traded at GBX 368.50 ($4.62), with a volume of 3,128,358 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Trading Up 0.7 %

The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The company has a market capitalization of £25.09 billion, a price-to-earnings ratio of 1,364.81, a P/E/G ratio of 1.43 and a beta of 0.51. The business’s 50-day moving average price is GBX 357.34 and its two-hundred day moving average price is GBX 342.27.

Tesco Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 10th were given a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date was Thursday, October 10th. This represents a yield of 1.2%. Tesco’s dividend payout ratio is 4,814.81%.

Insider Activity

In other Tesco news, insider Bertrand Bodson purchased 734 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of GBX 355 ($4.45) per share, with a total value of £2,605.70 ($3,266.52). Corporate insiders own 2.51% of the company’s stock.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.