Telecom Plus (LON:TEP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,780.72 ($22.01) and traded as low as GBX 1,652 ($20.42). Telecom Plus shares last traded at GBX 1,658 ($20.49), with a volume of 78,605 shares.

Telecom Plus Trading Down 0.5 %

The stock has a fifty day moving average of GBX 1,733.12 and a 200-day moving average of GBX 1,780.72. The company has a market cap of £1.31 billion, a PE ratio of 1,853.93, a PEG 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 business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 5th were paid a dividend of GBX 37 ($0.46) per share. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, December 5th. Telecom Plus’s dividend payout ratio is currently 9,325.84%.

Insider Transactions at Telecom Plus

In related news, insider Charles Wigoder acquired 200,000 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of GBX 1,770 ($21.88) per share, with a total value of £3,540,000 ($4,375,772.56). Company insiders own 11.54% of the company’s stock.

About Telecom Plus

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.