BT Group (LON:BT.A) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

BT Group plc (LON:BT.A) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 143.94 ($1.77) and traded as high as GBX 148.02 ($1.82). BT Group shares last traded at GBX 145.50 ($1.79), with a volume of 13,261,479 shares traded.

BT Group Stock Down 0.2 %

The company has a market capitalization of £14.03 billion, a P/E ratio of 1,593.89, a PEG ratio of 0.38 and a beta of 0.69. The company has a 50 day simple moving average of GBX 147.74 and a two-hundred day simple moving average of GBX 143.94. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 187.58.

Insider Buying and Selling

In other BT Group news, insider Tushar Morzaria bought 35,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of GBX 136 ($1.67) per share, with a total value of £47,600 ($58,570.20). 43.86% of the stock is owned by corporate insiders.

BT Group Company Profile

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 650 communication providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.