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

Jersey Electricity plc (LON:JEL) passed below its 50 day moving average during trading on Monday . The stock has a 50 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 Price Performance

The stock’s 50-day moving average is GBX 428.51 and its two-hundred day moving average is GBX 431.33. The company has a market capitalization of £131.75 million, a PE ratio of 11.71 and a beta of 0.18. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96.

Jersey Electricity Increases Dividend

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

Insider Transactions at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler purchased 4,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of GBX 425 ($5.52) per share, with a total value of £17,000 ($22,075.06). Corporate 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.