Jersey Electricity (LON:JEL) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Jersey Electricity plc (LON:JEL)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

Jersey Electricity Stock Performance

The company has a market capitalization of £131.13 million, a PE ratio of 11.65 and a beta of 0.18. The stock’s 50-day simple moving average is GBX 433.91 and its 200 day simple moving average is GBX 433.46. The company has a debt-to-equity ratio of 13.96, a quick ratio of 2.90 and a current ratio of 2.81.

Jersey Electricity (LON:JEL) last posted its earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.48) EPS for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. As a group, research analysts expect 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 given a dividend of GBX 12 ($0.15) per share. This represents a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Jersey Electricity’s previous dividend of $8.40. Jersey Electricity’s dividend payout ratio (DPR) is 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.