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

Shares of Jersey Electricity plc (LON:JEL) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 428.47 ($5.54) and traded as low as GBX 425 ($5.49). Jersey Electricity shares last traded at GBX 425 ($5.49), with a volume of 42 shares.

Jersey Electricity Price Performance

The company has a debt-to-equity ratio of 13.96, a quick ratio of 2.90 and a current ratio of 2.81. The stock’s 50-day moving average is GBX 428.47 and its two-hundred day moving average is GBX 431.39. The stock has a market cap of £132.37 million, a PE ratio of 11.76 and a beta of 0.18.

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 given a dividend of GBX 12 ($0.16) per share. This is a positive change from Jersey Electricity’s previous dividend of $8.40. This represents a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, February 20th. Jersey Electricity’s dividend payout ratio (DPR) is currently 55.35%.

Insider Activity at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler bought 4,000 shares of Jersey Electricity stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of GBX 425 ($5.49) per share, for a total transaction of £17,000 ($21,963.82). Company insiders own 0.44% of the company’s stock.

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.