UIL (LON:UTL) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

UIL Limited (LON:UTL) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 107.02 ($1.35) and traded as high as GBX 119 ($1.50). UIL shares last traded at GBX 115.64 ($1.46), with a volume of 54,852 shares changing hands.

UIL Stock Down 1.7 %

The company has a 50 day simple moving average of GBX 112.54 and a 200-day simple moving average of GBX 107.09. The stock has a market capitalization of £102.15 million, a price-to-earnings ratio of -3.87 and a beta of 0.80.

UIL Announces Dividend

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

Insider Transactions at UIL

In other news, insider Stuart J. Bridges bought 11,483 shares of the stock in a transaction dated Monday, January 20th. The shares were bought at an average cost of GBX 116 ($1.47) per share, with a total value of £13,320.28 ($16,829.16). 77.99% of the stock is 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.