Tesco (LON:TSCO) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 342.27 ($4.29) and traded as high as GBX 369.30 ($4.63). Tesco shares last traded at GBX 368.50 ($4.62), with a volume of 3,128,358 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Trading Up 0.7 %

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The firm has a 50 day moving average price of GBX 357.34 and a 200 day moving average price of GBX 342.27. The stock has a market capitalization of £25.09 billion, a PE ratio of 1,364.81, a P/E/G ratio of 1.43 and a beta of 0.51.

Tesco Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 10th were given a GBX 4.25 ($0.05) dividend. This represents a yield of 1.2%. The ex-dividend date was Thursday, October 10th. Tesco’s payout ratio is currently 4,814.81%.

Insider Buying and Selling at Tesco

In other Tesco news, insider Bertrand Bodson bought 734 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of GBX 355 ($4.45) per share, for a total transaction of £2,605.70 ($3,266.52). Company insiders own 2.51% of the company’s stock.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.