Jersey Electricity (LON:JEL) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Jersey Electricity plc (LON:JEL - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 427.32 ($5.71) and traded as high as GBX 470 ($6.28). Jersey Electricity shares last traded at GBX 450 ($6.01), with a volume of 10,431 shares traded.

Jersey Electricity Stock Performance

The stock has a 50-day moving average price of GBX 428.11 and a 200 day moving average price of GBX 430.98. The firm has a market capitalization of £144.52 million, a price-to-earnings ratio of 12.84 and a beta of 0.18. The company has a quick ratio of 2.90, a current ratio of 2.81 and a debt-to-equity ratio of 13.96.

Jersey Electricity Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 20th were issued a GBX 12 ($0.16) dividend. This is a boost 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 Buying and Selling at Jersey Electricity

In related news, insider Christopher Ambler purchased 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of GBX 425 ($5.68) per share, with a total value of £17,000 ($22,706.02). 0.44% of the stock is currently owned by corporate 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.