Tesco (OTCMKTS:TSCDY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Tesco PLC (OTCMKTS:TSCDYGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.91 and traded as low as $12.83. Tesco shares last traded at $13.53, with a volume of 381,258 shares changing hands.

Tesco Trading Up 5.0 %

The business’s 50 day moving average price is $13.91 and its 200-day moving average price is $13.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.81 and a quick ratio of 0.67.

About Tesco

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Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.

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