Tesco (LON:TSCO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Tesco PLC (LON:TSCO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 359.32 ($4.77) and traded as high as GBX 370.20 ($4.91). Tesco shares last traded at GBX 368.24 ($4.89), with a volume of 17,580,420 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a research report on Thursday, April 10th.

Tesco Price Performance

The stock has a market capitalization of £24.10 billion, a PE ratio of 18.90, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The stock’s 50-day moving average is GBX 348.78 and its 200 day moving average is GBX 359.32.

Tesco (LON:TSCO) last posted its quarterly earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.37) EPS for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. As a group, equities analysts predict that Tesco PLC will post 27.374848 earnings per share for the current year.

Insider Activity at Tesco

In other Tesco news, insider Ken Murphy purchased 40,000 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were acquired at an average price of GBX 326 ($4.32) per share, for a total transaction of £130,400 ($172,990.18). Over the last 90 days, insiders bought 40,072 shares of company stock valued at $13,067,552. Insiders own 2.51% of the company’s stock.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.