Jersey Electricity (LON:JEL) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Jersey Electricity plc (LON:JEL) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 429.10 ($5.56) and traded as low as GBX 425 ($5.51). Jersey Electricity shares last traded at GBX 425 ($5.51), with a volume of 161 shares changing hands.

Jersey Electricity Trading Down 1.2 %

The firm has a market cap of £132.37 million, a price-to-earnings ratio of 11.76 and a beta of 0.18. The company’s 50-day moving average price is GBX 429.10 and its 200-day moving average price is GBX 431.57. The company has a quick ratio of 2.90, a current ratio of 2.81 and a debt-to-equity ratio of 13.96.

Jersey Electricity (LON:JEL) last posted its quarterly earnings data on Wednesday, December 18th. The company reported GBX 37.92 ($0.49) earnings per share (EPS) for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. Equities analysts expect that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal year.

Jersey Electricity Increases Dividend

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

Insider Buying and Selling at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of GBX 425 ($5.51) per share, for a total transaction of £17,000 ($22,020.73). 0.44% of the stock is currently owned by insiders.

About Jersey Electricity

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.