TBC Bank Group (LON:TBCG) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

TBC Bank Group PLC (LON:TBCG) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 4,308 and traded as low as GBX 3,705. TBC Bank Group shares last traded at GBX 3,736.66, with a volume of 6,079,025 shares trading hands.

TBC Bank Group Stock Performance

The firm has a market cap of £2.07 billion, a PE ratio of 1.57, a P/E/G ratio of 0.80 and a beta of 1.07. The firm’s 50-day moving average price is GBX 4,308 and its two-hundred day moving average price is GBX 4,513.80.

TBC Bank Group announced that its board has authorized a stock buyback plan on Friday, August 8th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

TBC Bank Group Company Profile

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.