Telecom Plus (LON:TEP) Stock Price Passes Below 200-Day Moving Average - What's Next?

Telecom Plus Plc (LON:TEP - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,785.93 ($22.35) and traded as low as GBX 1,696.70 ($21.23). Telecom Plus shares last traded at GBX 1,718 ($21.50), with a volume of 21,380 shares.

Telecom Plus Stock Performance

The company's 50 day moving average price is GBX 1,734.78 and its 200-day moving average price is GBX 1,784.81. The stock has a market cap of £1.36 billion, a P/E ratio of 1,930.34, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77.

Telecom Plus Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 37 ($0.46) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 2.1%. Telecom Plus's dividend payout ratio is currently 9,325.84%.

Insider Transactions at Telecom Plus

In other news, insider Charles Wigoder acquired 200,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 1,770 ($22.15) per share, for a total transaction of £3,540,000 ($4,429,429.43). Company insiders own 11.54% of the company's stock.

Telecom Plus Company Profile

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.