BT Group (LON:BT.A) Share Price Passes Above 200 Day Moving Average – Time to Sell?

BT Group plc (LON:BT.A) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 144.86 ($1.82) and traded as high as GBX 148.25 ($1.87). BT Group shares last traded at GBX 147.45 ($1.86), with a volume of 14,731,334 shares.

BT Group Price Performance

The business’s 50 day moving average is GBX 145.08 and its two-hundred day moving average is GBX 144.86. The company has a debt-to-equity ratio of 187.58, a quick ratio of 0.83 and a current ratio of 0.89. The firm has a market capitalization of £14.45 billion, a PE ratio of 1,641.40, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69.

Insider Transactions at BT Group

In other news, insider Alex Chisholm acquired 30,000 shares of BT Group stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of GBX 141 ($1.77) per share, with a total value of £42,300 ($53,227.63). Corporate insiders own 43.86% of the company’s stock.

BT Group Company Profile

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 650 communication providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.