BT Group (LON:BT.A) Shares Pass Above 200-Day Moving Average - Here's What Happened

BT Group plc (LON:BT.A - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 144.86 ($1.83) and traded as high as GBX 148.25 ($1.87). BT Group shares last traded at GBX 147.45 ($1.86), with a volume of 14,731,334 shares traded.

BT Group Trading Up 2.2 %

The stock has a 50-day simple moving average of GBX 144.97 and a 200 day simple moving average of GBX 144.99. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 187.58. The company has a market cap of £14.69 billion, a price-to-earnings ratio of 1,668.58, a PEG ratio of 0.38 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Alex Chisholm purchased 30,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of GBX 141 ($1.78) per share, with a total value of £42,300 ($53,442.83). 43.86% of the stock is currently owned by insiders.

About BT Group

BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries. BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers - over 650 communication providers across the UK. British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.