BT Group (OTCMKTS:BTGOF) Trading Down 5.7% – Time to Sell?

Shares of BT Group plc (OTCMKTS:BTGOF) traded down 5.7% on Wednesday . The stock traded as low as $2.7250 and last traded at $2.7250. 3,356 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 13,309 shares. The stock had previously closed at $2.89.

BT Group Stock Performance

The company’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $2.54.

Institutional Investors Weigh In On BT Group

A hedge fund recently bought a new stake in BT Group stock. Boston Common Asset Management LLC purchased a new stake in shares of BT Group plc (OTCMKTS:BTGOF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 53,804 shares of the company’s stock, valued at approximately $138,000. 38.14% of the stock is owned by hedge funds and other institutional investors.

BT Group Company Profile

BT Group plc is a leading global telecommunications and networked IT services provider headquartered in London, United Kingdom. Through its principal operating company, British Telecommunications plc, the group offers a comprehensive range of communication solutions that span fixed-line telephony, broadband internet, mobile services, digital television and advanced network-based IT and cloud services. Its end-to-end portfolio is designed to meet the needs of consumer, business and public sector clients seeking high-speed connectivity, unified communications and managed security solutions.

The company’s product lineup includes consumer broadband packages under the Openreach and Plusnet brands, converged mobile and fixed voice bundles marketed through EE, and bespoke network infrastructure for enterprise customers.