Telecom Plus (LON:TEP) Stock Passes Below 200 Day Moving Average – Should You Sell?

Telecom Plus Plc (LON:TEP) crossed 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 traded.

Telecom Plus Stock Performance

The company has a market capitalization of £1.37 billion, a P/E ratio of 1,939.33, a PEG ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The company’s 50-day moving average is GBX 1,734.78 and its two-hundred day moving average is GBX 1,784.81.

Telecom Plus Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 5th were given 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 (DPR) is currently 9,325.84%.

Insider Transactions at Telecom Plus

In other news, insider Charles Wigoder acquired 200,000 shares of Telecom Plus stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of GBX 1,770 ($22.15) per share, for a total transaction of £3,540,000 ($4,429,429.43). 11.54% of the stock is currently owned by insiders.

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.