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

Telecom Plus Plc (LON:TEP)’s stock price traded down 1% during mid-day trading on Monday. The company traded as low as GBX 890 and last traded at GBX 891. 342,499 shares changed hands during trading, a decline of 81% from the average session volume of 1,834,453 shares. The stock had previously closed at GBX 900.

Telecom Plus Trading Down 1.0%

The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91. The firm’s 50-day simple moving average is GBX 852.48 and its 200 day simple moving average is GBX 1,044.33. The stock has a market capitalization of £677.85 million, a P/E ratio of 8.92, a PEG ratio of 2.86 and a beta of 0.43.

Insider Activity

In related news, insider Stuart Burnett sold 40,854 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total value of £354,204.18. Also, insider Nick Schoenfeld bought 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of GBX 1 per share, for a total transaction of £562.50. In the last 90 days, insiders have bought 92,591 shares of company stock valued at $125,455 and have sold 76,284 shares valued at $66,244,620. Company insiders own 19.86% of the company’s stock.

About Telecom Plus

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.