Jersey Electricity (LON:JEL) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 433.91 ($5.48) and traded as high as GBX 435 ($5.50). Jersey Electricity shares last traded at GBX 421 ($5.32), with a volume of 331 shares traded.

Jersey Electricity Stock Performance

The company has a market cap of £131.13 million, a price-to-earnings ratio of 11.65 and a beta of 0.18. The firm has a 50-day simple moving average of GBX 433.91 and a 200 day simple moving average of GBX 433.46. 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 announced its earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.48) EPS for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.58%. On average, sell-side analysts predict that Jersey Electricity plc will post 29.6610169 earnings per share for the current fiscal year.

Jersey Electricity Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 20th will be issued a GBX 12 ($0.15) dividend. 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 of this dividend is Thursday, February 20th. Jersey Electricity’s dividend payout ratio is presently 55.35%.

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.