TBC Bank Group (LON:TBCG) Shares Cross Below 200 Day Moving Average – What’s Next?

TBC Bank Group PLC (LON:TBCG)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 4,653.08 and traded as low as GBX 4,550. TBC Bank Group shares last traded at GBX 4,560, with a volume of 188,588 shares.

TBC Bank Group Trading Down 8.7%

The stock has a 50 day moving average price of GBX 5,045.40 and a 200 day moving average price of GBX 4,653.08. The company has a market capitalization of £2.51 billion, a P/E ratio of 1.72, a PEG ratio of 0.80 and a beta of 0.65.

TBC Bank Group (LON:TBCG) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 382.48 earnings per share (EPS) for the quarter. TBC Bank Group had a net margin of 24.33% and a return on equity of 23.55%. On average, research analysts predict that TBC Bank Group PLC will post 7.61 EPS for the current year.

About TBC Bank Group

TBC Bank Group PLC (“TBC PLC”) is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank (“TBC Bank”) and a group of companies that principally operate in Georgia in the financial sector. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country.