BT Group (LON:BT.A) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of BT Group plc (LON:BT.A) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 182.60 ($2.48) and traded as high as GBX 206.95 ($2.81). BT Group shares last traded at GBX 205.70 ($2.79), with a volume of 9,993,858 shares changing hands.

BT Group Stock Performance

The business has a fifty day simple moving average of GBX 206.80 and a two-hundred day simple moving average of GBX 182.60. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 187.58. The company has a market cap of £20.04 billion, a P/E ratio of 1,940.57, a P/E/G ratio of 0.38 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Simon Lowth sold 134,546 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 190, for a total value of £255,637.40. Corporate insiders own 0.21% 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.