Tesco (LON:TSCO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 347.37 ($4.24) and traded as high as GBX 368.90 ($4.50). Tesco shares last traded at GBX 368 ($4.49), with a volume of 22,925,766 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Price Performance

The stock has a market capitalization of £24.50 billion, a P/E ratio of 1,332.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business has a fifty day simple moving average of GBX 361.30 and a 200 day simple moving average of GBX 347.72. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42.

Insider Buying and Selling

In other news, insider Bertrand Bodson acquired 734 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 355 ($4.33) per share, for a total transaction of £2,605.70 ($3,181.56). 2.51% of the stock is currently owned by corporate insiders.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.