Jersey Electricity (LON:JEL) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL)’s share price passed 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 trading hands.

Jersey Electricity Stock Up 3.1 %

The company has a market capitalization of £139.69 million, a price-to-earnings ratio of 12.41 and a beta of 0.18. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.81 and a quick ratio of 2.90. The firm’s fifty day moving average price is GBX 428.76 and its 200-day moving average price is GBX 431.33.

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

Jersey Electricity Increases Dividend

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

Insider Activity at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler acquired 4,000 shares of Jersey Electricity stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 425 ($5.49) per share, with a total value of £17,000 ($21,949.64). 0.44% of the stock is owned by company insiders.

Jersey Electricity Company Profile

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.