Jersey Electricity (LON:JEL) Shares Down 1% - Time to Sell?

Key Points

• Jersey Electricity plc shares fell by 1%, trading at GBX 470.30 ($6.28), with a significant trading volume increase of 113% compared to its average.
• The company has a market capitalization of £144.10 million and a PE ratio of 12.26, indicating relatively stable performance in the utility sector.
• Insider Elisabeth Iceton sold 1,700 shares at an average price of GBX 465, which raises questions about insider confidence in the company's future prospects.

Shares of Jersey Electricity plc (LON:JEL - ) traded down 1% during mid-day trading on Wednesday . The stock traded as low as GBX 470.30 ($6.28) and last traded at GBX 470.30 ($6.28). 9,300 shares traded hands during trading, an increase of 113% from the average session volume of 4,361 shares. The stock had previously closed at GBX 475 ($6.35).

Jersey Electricity Stock Performance

The firm's 50 day moving average price is GBX 470.28 and its 200-day moving average price is GBX 458. 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 firm has a market capitalization of £144.10 million, a PE ratio of 12.26 and a beta of 0.18.

Insider Activity

In other news, insider Elisabeth Iceton sold 1,700 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of GBX 465, for a total transaction of £7,905. 0.28% 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.

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