BT Group (LON:BT.A) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

BT Group plc (LON:BT.A) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 191.41 and traded as high as GBX 214.60. BT Group shares last traded at GBX 210.24, with a volume of 15,532,285 shares.

BT Group Trading Up 0.9%

The firm has a market capitalization of £20.44 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 0.38 and a beta of 0.69. The business’s 50-day moving average price is GBX 191.94 and its 200 day moving average price is GBX 191.41. The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83.

Insider Buying and Selling at BT Group

In other BT Group news, insider Sara Weller bought 5,932 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average cost of GBX 201 per share, with a total value of £11,923.32. Also, insider Alex Chisholm purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average price of GBX 183 per share, for a total transaction of £18,300. Insiders bought a total of 3,332,938 shares of company stock valued at $596,766,406 in the last ninety days. Insiders own 1.80% 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.