UIL (LON:UTL) Stock Price Passes Above 200-Day Moving Average – Here’s Why

UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 107.02 ($1.36) and traded as high as GBX 119 ($1.51). UIL shares last traded at GBX 115.64 ($1.47), with a volume of 54,852 shares trading hands.

UIL Price Performance

The firm has a fifty day moving average price of GBX 112.42 and a 200 day moving average price of GBX 107.02. The firm has a market capitalization of £103.92 million, a PE ratio of -3.94 and a beta of 0.80.

UIL Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.82%. The ex-dividend date was Thursday, January 2nd. UIL’s dividend payout ratio is currently -26.81%.

Insider Activity at UIL

In related news, insider Stuart J. Bridges bought 11,483 shares of the stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of GBX 116 ($1.47) per share, with a total value of £13,320.28 ($16,878.21). 77.99% of the stock is owned by company insiders.

About UIL

UIL Limited is focused on uncovering investments with underlying value.

UIL’s investment objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not fully recognised.

UIL Limited (formerly Utilico Investments Limited and Utilico Limited) is an exempted closed-end Bermuda incorporated investment company, established as a successor to Utilico Investment Trust plc.