TBC Bank Group (LON:TBCG) Shares Cross Below 50 Day Moving Average – Here’s Why

TBC Bank Group PLC (LON:TBCGGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 Down 0.6 %

The stock has a market cap of £1.69 billion, a P/E ratio of 504.93, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The firm’s 50 day simple moving average is GBX 3,112.92 and its two-hundred day simple moving average is GBX 2,936.69.

Insider Activity at TBC Bank Group

In other TBC Bank Group news, insider Nino (Venera) Suknidze sold 4,894 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of GBX 3,250 ($39.54), for a total value of £159,055 ($193,521.11). Insiders own 23.77% of the company’s stock.

About TBC Bank Group

(Get Free Report)

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.

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