UIL (LON:UTL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 191.88 and traded as high as GBX 204. UIL shares last traded at GBX 202, with a volume of 10,831 shares trading hands.

UIL Stock Performance

The stock’s 50 day simple moving average is GBX 201.54 and its two-hundred day simple moving average is GBX 192.15. The firm has a market capitalization of £169.76 million, a PE ratio of 3.90 and a beta of 0.26.

Insider Activity at UIL

In related news, insider David Shillson purchased 4,957 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average price of GBX 206 per share, with a total value of £10,211.42. Also, insider Stuart J. Bridges acquired 6,701 shares of the stock in a transaction on Wednesday, July 1st. The shares were bought at an average cost of GBX 206 per share, for a total transaction of £13,804.06. Over the last 90 days, insiders purchased 67,558 shares of company stock valued at $14,015,948. 1.88% of the stock is currently owned by insiders.

UIL Company Profile

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.