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Jersey Electricity (LON:JEL) Share Price Passes Below 50 Day Moving Average - What's Next?

Jersey Electricity logo with Utilities background
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Jersey Electricity plc (LON:JEL - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 428.76 ($5.55) and traded as low as GBX 420 ($5.44). Jersey Electricity shares last traded at GBX 448.50 ($5.81), with a volume of 2,452 shares traded.

Jersey Electricity Stock Down 1.6 %

The firm has a market capitalization of £133.31 million, a P/E ratio of 11.85 and a beta of 0.18. The company has a debt-to-equity ratio of 13.96, a quick ratio of 2.90 and a current ratio of 2.81. The firm's 50-day moving average is GBX 428.38 and its 200 day moving average is GBX 431.32.

Jersey Electricity Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 20th were given a dividend of GBX 12 ($0.16) per share. This is a boost from Jersey Electricity's previous dividend of $8.40. This represents a dividend yield of 2.73%. The ex-dividend date was Thursday, February 20th. Jersey Electricity's dividend payout ratio is currently 55.35%.

Insider Activity at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler purchased 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of GBX 425 ($5.50) per share, with a total value of £17,000 ($22,009.32). 0.44% of the stock is owned by insiders.

About Jersey Electricity

(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.

Further Reading

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