TBC Bank Group (LON:TBCG) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of TBC Bank Group PLC (LON:TBCG) passed 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.

TBC Bank Group Price Performance

The firm has a fifty day simple moving average of GBX 3,112.92 and a 200-day simple moving average of GBX 2,938.96. The firm 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.

Insider Buying and Selling

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