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Jersey Electricity (LON:JEL) Stock Passes Below 50 Day Moving Average - Should You Sell?

Jersey Electricity logo with Utilities background

Jersey Electricity plc (LON:JEL - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 428.47 ($5.53) and traded as low as GBX 425 ($5.48). Jersey Electricity shares last traded at GBX 425 ($5.48), with a volume of 42 shares traded.

Jersey Electricity Price Performance

The company has a debt-to-equity ratio of 13.96, a current ratio of 2.81 and a quick ratio of 2.90. The stock has a market capitalization of £128.01 million, a price-to-earnings ratio of 11.38 and a beta of 0.18. The company has a 50-day simple moving average of GBX 427.68 and a two-hundred day simple moving average of GBX 431.27.

Jersey Electricity Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 20th were given a GBX 12 ($0.15) dividend. The ex-dividend date was Thursday, February 20th. This is an increase from Jersey Electricity's previous dividend of $8.40. This represents a yield of 2.73%. Jersey Electricity's dividend payout ratio (DPR) is currently 55.35%.

Insiders Place Their Bets

In other Jersey Electricity news, insider Christopher Ambler purchased 4,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 425 ($5.48) per share, with a total value of £17,000 ($21,921.34). 0.44% of the stock is owned by insiders.

Jersey Electricity Company Profile

(Get Free Report)

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.

See Also

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