UIL (LON:UTL) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• UIL Limited's shares recently crossed above their 200-day moving average, trading at GBX 129.40 ($1.75), signaling potential positive momentum.
• Insider transactions included notable purchases from executives, with a total of 59,143 shares valued at $7,076,071 acquired over the last quarter.
• Despite the recent uptick, UIL's stock is currently down 0.5%, with a market capitalization of £119.70 million and a very high price-to-earnings ratio of -563.83.

UIL Limited (LON:UTL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 117.60 ($1.58) and traded as high as GBX 129.40 ($1.73). UIL shares last traded at GBX 129.40 ($1.73), with a volume of 99 shares traded.

UIL Price Performance

The stock's fifty day moving average is GBX 125.92 and its 200-day moving average is GBX 117.77. The stock has a market cap of £120.26 million, a PE ratio of -566.45 and a beta of 0.80.

Insider Activity

In other news, insider Peter Durhager bought 10,581 shares of the stock in a transaction that occurred on Friday, July 4th. The stock was purchased at an average price of GBX 120 per share, for a total transaction of £12,697.20. Also, 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 per share, with a total value of £9,837.60. Over the last quarter, insiders have purchased 59,143 shares of company stock worth $7,076,071. Insiders own 1.55% of the company's stock.

About UIL

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.