Jersey Electricity (LON:JEL) Trading Up 1.5% - What's Next?

Key Points

• Jersey Electricity's share price increased by 1.5%, reaching GBX 477 ($6.43) during trading on Wednesday, with a significant volume of 4,406 shares traded, up 22% from its average.
• The company has a high debt-to-equity ratio of 13.96 and a notable price-to-earnings ratio of 1,243.16, which may raise concerns about financial stability.
• Insider Elisabeth Iceton sold 1,700 shares at an average price of GBX 465, indicating potential insider activity that investors may find noteworthy.

Jersey Electricity plc (LON:JEL - )'s share price shot up 1.5% during trading on Wednesday . The company traded as high as GBX 477 ($6.43) and last traded at GBX 477 ($6.43). 4,406 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 3,614 shares. The stock had previously closed at GBX 470 ($6.34).

Jersey Electricity Trading Up 1.5%

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 £146.15 million, a price-to-earnings ratio of 1,243.16 and a beta of 0.18. The company has a 50 day moving average price of GBX 470.05 and a two-hundred day moving average price of GBX 453.77.

Insider Buying and Selling

In related news, insider Elisabeth Iceton sold 1,700 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of GBX 465, for a total value of £7,905. Insiders own 0.29% 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.

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