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

Telecom Plus Plc (LON:TEP) passed 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.

Telecom Plus Stock Performance

The firm has a market capitalization of £1.38 billion, a P/E ratio of 1,966.29, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The company’s 50 day moving average is GBX 1,761.14 and its 200-day moving average is GBX 1,797.13. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52.

Telecom Plus Cuts Dividend

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

Insider Buying and Selling

In other Telecom Plus news, insider Charles Wigoder acquired 200,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 1,770 ($22.34) per share, with a total value of £3,540,000 ($4,468,004.54). 11.54% of the stock is owned by 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.