Telecom Plus (LON:TEP) Stock Price Down 1% – Here’s What Happened

Shares of Telecom Plus Plc (LON:TEP – Get Free Report) dropped 1% during mid-day trading on Monday. The company traded as low as GBX 890 and last traded at GBX 891. Approximately 342,499 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,834,453 shares. The stock had previously closed at GBX 900.

Telecom Plus Stock Performance

The firm has a market capitalization of £677.85 million, a PE ratio of 8.92, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The firm has a fifty day moving average of GBX 852.80 and a 200 day moving average of GBX 1,042.03.

Insider Buying and Selling

In other news, insider Stuart Burnett sold 8,832 shares of Telecom Plus stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total transaction of £76,573.44. Also, insider Nick Schoenfeld sold 3,974 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of GBX 871, for a total transaction of £34,613.54. In the last quarter, insiders have bought 92,591 shares of company stock worth $125,455 and have sold 76,284 shares worth $66,244,620. Company insiders own 19.86% of the company’s stock.

About Telecom Plus

(Get Free Report)

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.

Further Reading

Receive News & Ratings for Telecom Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Plus and related companies with MarketBeat.com's FREE daily email newsletter.