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

Shares of Jersey Electricity plc (LON:JEL) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 436.78 ($5.41) and traded as high as GBX 450 ($5.58). Jersey Electricity shares last traded at GBX 450 ($5.58), with a volume of 5,984 shares changing hands.

Jersey Electricity Stock Up 4.7 %

The firm has a market cap of £52.38 million, a PE ratio of 1,216.22 and a beta of 0.18. The company has a current ratio of 3.57, a quick ratio of 2.90 and a debt-to-equity ratio of 13.55. The firm has a 50 day moving average price of GBX 436.78 and a 200-day moving average price of GBX 436.61.

Jersey Electricity (LON:JEL) last posted its quarterly earnings data on Wednesday, December 18th. The company reported GBX 37.92 ($0.47) earnings per share for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.64%. Research analysts forecast that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal year.

Jersey Electricity Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 20th will be paid 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 is currently 5,405.41%.

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.