UIL (LON:UTL) Shares Pass Above 200-Day Moving Average - Time to Sell?

UIL Limited (LON:UTL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 103.06 ($1.34) and traded as high as GBX 111.64 ($1.45). UIL shares last traded at GBX 111.60 ($1.45), with a volume of 40,600 shares changing hands.

UIL Price Performance

The firm has a market cap of £92.55 million, a PE ratio of -368.33 and a beta of 0.80. The business has a 50-day simple moving average of GBX 100.78 and a 200 day simple moving average of GBX 103.09.

UIL Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, September 26th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 26th. UIL's dividend payout ratio (DPR) is presently -2,666.67%.

Insiders Place Their Bets

In related news, insider Stuart J. Bridges bought 12,449 shares of the stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of GBX 107 ($1.39) per share, with a total value of £13,320.43 ($17,339.79). Corporate insiders own 77.99% of the company's stock.

UIL Company Profile

UIL Limited is a closed-ended equity mutual fund launched and managed by ICM Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure, utility, and related sectors including water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service, rail, roads, and any business with essential service or monopolistic characteristics.