Telecom Plus (LON:TEP) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,761.42 ($21.91) and traded as low as GBX 1,634 ($20.33). Telecom Plus shares last traded at GBX 1,668 ($20.75), with a volume of 74,186 shares traded.

Telecom Plus Price Performance

The firm has a fifty day moving average of GBX 1,713.39 and a 200 day moving average of GBX 1,761.42. The company has a market capitalization of £1.31 billion, a P/E ratio of 1,856.18, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52.

Telecom Plus (LON:TEP) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 43.60 ($0.54) earnings per share (EPS) for the quarter. Telecom Plus had a return on equity of 30.66% and a net margin of 3.48%. On average, equities research analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Telecom Plus Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 2.1%. Telecom Plus’s payout ratio is currently 9,325.84%.

Insider Activity

In other Telecom Plus news, insider Charles Wigoder purchased 200,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of GBX 1,770 ($22.02) per share, with a total value of £3,540,000 ($4,404,080.62). Insiders own 11.54% of the company’s stock.

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.