TBC Bank Group (LON:TBCG) Stock Price Passes Below 50-Day Moving Average – Here’s Why

TBC Bank Group PLC (LON:TBCG) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3,112.92 ($37.87) and traded as low as GBX 3,040 ($36.99). TBC Bank Group shares last traded at GBX 3,070 ($37.35), with a volume of 49,167 shares traded.

TBC Bank Group Stock Performance

The company’s 50-day moving average price is GBX 3,112.92 and its 200 day moving average price is GBX 2,938.96. The stock has a market capitalization of £1.69 billion, a PE ratio of 504.93, a PEG ratio of 0.80 and a beta of 1.07.

Insiders Place Their Bets

In other news, insider Nino (Venera) Suknidze sold 4,894 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of GBX 3,250 ($39.54), for a total value of £159,055 ($193,521.11). 23.77% of the stock is currently owned by company insiders.

About TBC Bank Group

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.