UIL (LON:UTL) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• UIL Limited's stock price has recently crossed above its 200-day moving average for the first time in trading, reaching a peak of GBX 132 ($1.76).
• Insiders have been actively purchasing shares, with notable acquisitions totaling over £19,675.20 ($26,160.36) by two insiders on July 4th, indicating confidence in the company's prospects.
• UIL Limited is aiming to maximize shareholder returns by focusing on investments with underlying value not fully recognized in the market.

UIL Limited (LON:UTL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 116.03 ($1.56) and traded as high as GBX 132 ($1.78). UIL shares last traded at GBX 129.50 ($1.74), with a volume of 4,571 shares changing hands.

UIL Trading Down 1.8%

The firm has a market cap of £112.90 million, a P/E ratio of -4.28 and a beta of 0.80. The business's fifty day simple moving average is GBX 122.21 and its 200-day simple moving average is GBX 116.19.

Insider Buying and Selling

In other news, insider David Shillson bought 8,198 shares of the firm's stock in a transaction that occurred on Friday, July 4th. The shares were acquired at an average price of GBX 120 ($1.61) per share, with a total value of £9,837.60 ($13,229.69). Also, insider Stuart J. Bridges purchased 15,636 shares of UIL stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of GBX 119 ($1.60) per share, with a total value of £18,606.84 ($25,022.65). Insiders have acquired 59,143 shares of company stock worth $7,076,071 in the last 90 days. 77.99% of the stock is owned by company insiders.

UIL Company Profile

UIL Limited is focused on uncovering investments with underlying value. UIL's investment objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not fully recognised. UIL Limited (formerly Utilico Investments Limited and Utilico Limited) is an exempted closed-end Bermuda incorporated investment company, established as a successor to Utilico Investment Trust plc.