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

Key Points

• UIL Limited's stock price crossed above its 200-day moving average of GBX 117.60, reaching as high as GBX 129.40 during trading, indicating potential bullish momentum.
• Insider trading activity shows confidence, with notable purchases by insiders totaling 59,143 shares worth approximately $7.07 million over the past three months.
• The company has a market capitalization of £119.70 million and a notably high PE ratio of -563.83, suggesting it may be in a challenging financial position.

UIL Limited (LON:UTL - Get Free Report) crossed 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 ($1.74). UIL shares last traded at GBX 129.40 ($1.74), with a volume of 99 shares.

UIL Stock Down 1.1%

The company has a 50-day moving average price of GBX 126.45 and a 200-day moving average price of GBX 117.95. The firm has a market capitalization of £120.74 million, a price-to-earnings ratio of -568.71 and a beta of 0.80.

Insiders Place Their Bets

In other UIL news, insider Peter Durhager acquired 10,581 shares of UIL stock in a transaction dated Friday, July 4th. The stock was acquired at an average cost of GBX 120 per share, for a total transaction of £12,697.20. Also, insider Alison Hill acquired 8,198 shares of UIL stock in a transaction dated Friday, July 4th. The shares were acquired at an average price of GBX 120 per share, with a total value of £9,837.60. In the last ninety days, insiders have acquired 59,143 shares of company stock valued at $7,076,071. Corporate insiders own 1.55% of the company's stock.

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.