BT Group (LON:BT.A) Share Price Crosses Above 200-Day Moving Average - Here's Why

BT Group plc (LON:BT.A - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 131.85 ($1.72) and traded as high as GBX 148.03 ($1.93). BT Group shares last traded at GBX 146.25 ($1.91), with a volume of 7,760,998 shares trading hands.

BT Group Stock Performance

The firm has a market capitalization of £14.30 billion, a P/E ratio of 1,625.00, a P/E/G ratio of 0.38 and a beta of 0.69. The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a fifty day simple moving average of GBX 143.74 and a two-hundred day simple moving average of GBX 132.11.

Insider Activity at BT Group

In other news, insider Simon Lowth sold 198,537 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of GBX 134 ($1.75), for a total transaction of £266,039.58 ($347,400.86). 43.86% of the stock is currently owned by insiders.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.