Tesco (LON:TSCO) Shares Pass Above 200-Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Tesco Stock Performance

The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a fifty day moving average price of GBX 348.78 and a two-hundred day moving average price of GBX 359.32. The company has a market cap of £24.10 billion, a P/E ratio of 18.90, a PEG ratio of 1.43 and a beta of 0.51.

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

Insider Activity

In other Tesco news, insider Ken Murphy bought 40,000 shares of Tesco stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of GBX 326 ($4.32) per share, for a total transaction of £130,400 ($172,990.18). Insiders bought a total of 40,072 shares of company stock worth $13,067,552 over the last 90 days. 2.51% of the stock is currently owned by company insiders.

Tesco Company Profile

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.