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

Telecom Plus Plc (LON:TEP)’s share price fell 1% during trading on Monday. The stock traded as low as GBX 890 and last traded at GBX 891. Approximately 342,499 shares changed hands during 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 Price Performance

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

Insider Activity at Telecom Plus

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