Jersey Electricity (LON:JEL) Share Price Passes Below 50-Day Moving Average – Time to Sell?

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 ($5.55) and traded as low as GBX 425 ($5.50). Jersey Electricity shares last traded at GBX 425 ($5.50), with a volume of 161 shares traded.

Jersey Electricity Price Performance

The firm has a 50-day simple moving average of GBX 428.66 and a two-hundred day simple moving average of GBX 431.40. The company has a market capitalization of £131.75 million, a price-to-earnings ratio of 11.71 and a beta of 0.18. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96.

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

Jersey Electricity Increases Dividend

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

Insiders Place Their Bets

In other news, insider Christopher Ambler bought 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 425 ($5.50) per share, with a total value of £17,000 ($21,989.39). 0.44% of the stock is owned by insiders.

Jersey Electricity Company Profile

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.