Jersey Electricity (LON:JEL) Shares Pass Below 50-Day Moving Average - What's Next?

Shares of Jersey Electricity plc (LON:JEL - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 426.92 ($5.59) and traded as low as GBX 412 ($5.39). Jersey Electricity shares last traded at GBX 412 ($5.39), with a volume of 223 shares traded.

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 company has a fifty day moving average price of GBX 425.82 and a two-hundred day moving average price of GBX 430.86. The company has a market cap of £128.64 million, a P/E ratio of 11.43 and a beta of 0.18.

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

Insider Transactions at Jersey Electricity

In other Jersey Electricity news, insider Christopher Ambler purchased 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of GBX 425 ($5.56) per share, for a total transaction of £17,000 ($22,242.57). 0.44% of the stock is currently owned by 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.