Bank of Georgia Group (LON:BGEO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Bank of Georgia Group PLC (LON:BGEO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,184.89 ($53.85) and traded as high as GBX 4,935 ($63.51). Bank of Georgia Group shares last traded at GBX 4,830 ($62.15), with a volume of 69,630 shares.

Bank of Georgia Group Stock Performance

The company has a market cap of £2.20 billion, a P/E ratio of 371.82, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The business’s fifty day moving average is GBX 4,052.20 and its two-hundred day moving average is GBX 4,184.89.

Insider Transactions at Bank of Georgia Group

In other news, insider Andrew McIntyre bought 460 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of GBX 4,410 ($56.75) per share, with a total value of £20,286 ($26,104.75). Corporate insiders own 25.89% of the company’s stock.

About Bank of Georgia Group

Bank of Georgia Group PLC, through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets. It operates through Retail Banking, SME Banking, Corporate Investment Banking, and BNB segments. The Retail Banking segment offers consumer loans, mortgage loans, overdrafts, credit cards, and other credit facilities; funds transfer and settlement services; and handles customers' deposits for individuals and legal entities.