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Telecom Plus (LON:TEP) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Telecom Plus logo with Utilities background

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 1,757.94 ($22.13) and traded as low as GBX 1,726 ($21.72). Telecom Plus shares last traded at GBX 1,726 ($21.72), with a volume of 68,773 shares trading hands.

Telecom Plus Price Performance

The business's 50 day moving average price is GBX 1,695.87 and its two-hundred day moving average price is GBX 1,755.51. The stock has a market cap of £1.35 billion, a P/E ratio of 19.06, a price-to-earnings-growth 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 - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported GBX 43.60 ($0.55) earnings per share for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. As a group, sell-side analysts expect that Telecom Plus Plc will post 118.0645161 earnings per share for the current fiscal year.

Telecom Plus Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a dividend of GBX 37 ($0.47) per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Thursday, December 5th. Telecom Plus's payout ratio is currently 93.47%.

Insider Buying and Selling

In other news, insider Charles Wigoder bought 200,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 1,770 ($22.28) per share, with a total value of £3,540,000 ($4,455,632.47). 11.54% of the stock is currently owned by insiders.

About Telecom Plus

(Get Free Report)

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.

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