Jersey Electricity (LON:JEL) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 428.47 ($5.56) and traded as low as GBX 425 ($5.52). Jersey Electricity shares last traded at GBX 425 ($5.52), with a volume of 42 shares changing hands.

Jersey Electricity Trading Down 1.6 %

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 company has a market cap of £131.75 million, a PE ratio of 11.71 and a beta of 0.18. The company’s 50 day simple moving average is GBX 428.51 and its two-hundred day simple moving average is GBX 431.33.

Jersey Electricity Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 20th were issued a GBX 12 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a dividend yield of 2.73%. This is a boost from Jersey Electricity’s previous dividend of $8.40. Jersey Electricity’s payout ratio is 55.35%.

Insiders Place Their Bets

In other news, insider Christopher Ambler bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of GBX 425 ($5.52) per share, for a total transaction of £17,000 ($22,075.06). 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.