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

BT Group plc (LON:BT.A) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.29 ($1.91) and traded as high as GBX 156.55 ($2.00). BT Group shares last traded at GBX 151.30 ($1.93), with a volume of 34,465,688 shares traded.

BT Group Stock Down 3.1 %

The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 187.58. The stock has a market capitalization of £14.80 billion, a PE ratio of 1,681.11, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69. The company’s 50-day moving average is GBX 155.38 and its 200 day moving average is GBX 149.29.

Insider Transactions at BT Group

In other news, insider Alex Chisholm acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of GBX 141 ($1.80) per share, with a total value of £42,300 ($54,050.60). Company insiders own 43.86% of the company’s stock.

About BT Group

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.