Jersey Electricity (LON:JEL) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Jersey Electricity plc (LON:JEL) crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 traded.

Jersey Electricity Trading Down 2.3 %

The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96. The firm has a market cap of £132.37 million, a PE ratio of 11.76 and a beta of 0.18. The business has a fifty day moving average price of GBX 428.47 and a 200 day moving average price of GBX 431.39.

Jersey Electricity Increases Dividend

The company also recently announced 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. The ex-dividend date 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%.

Insider Activity

In other Jersey Electricity news, insider Christopher Ambler purchased 4,000 shares of Jersey Electricity stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price 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.