Jersey Electricity (LON:JEL) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Jersey Electricity plc (LON:JEL)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 428.76 ($5.54) and traded as low as GBX 420 ($5.42). Jersey Electricity shares last traded at GBX 448.50 ($5.79), with a volume of 2,452 shares changing hands.

Jersey Electricity Stock Up 3.1 %

The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96. The firm has a market capitalization of £139.69 million, a P/E ratio of 12.41 and a beta of 0.18. The company’s fifty day simple moving average is GBX 428.76 and its 200 day simple moving average is GBX 431.32.

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

Jersey Electricity Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 20th were issued a GBX 12 ($0.15) dividend. The ex-dividend date was Thursday, February 20th. This is a positive change from Jersey Electricity’s previous dividend of $8.40. This represents a yield of 2.73%. Jersey Electricity’s dividend payout ratio is 55.35%.

Insiders Place Their Bets

In other Jersey Electricity news, insider Christopher Ambler bought 4,000 shares of Jersey Electricity stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of GBX 425 ($5.49) per share, with a total value of £17,000 ($21,949.64). Company insiders own 0.44% of the company’s stock.

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.