BT Group (LON:BT.A) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

BT Group plc (LON:BT.A)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 142.26 ($1.80) and traded as high as GBX 152.55 ($1.93). BT Group shares last traded at GBX 151.20 ($1.92), with a volume of 13,993,953 shares.

BT Group Stock Performance

The business has a fifty day simple moving average of GBX 147.27 and a two-hundred day simple moving average of GBX 142.26. The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market cap of £14.81 billion, a PE ratio of 1,680.00, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69.

Insiders Place Their Bets

In other BT Group news, insider Tushar Morzaria purchased 35,000 shares of BT Group stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of GBX 136 ($1.72) per share, with a total value of £47,600 ($60,337.18). 43.86% of the stock is owned by company insiders.

About BT Group

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.