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

Shares of UIL Limited (LON:UTL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 110.53 ($1.47) and traded as high as GBX 117 ($1.56). UIL shares last traded at GBX 114.24 ($1.52), with a volume of 4,849 shares trading hands.

UIL Price Performance

The business has a 50 day moving average price of GBX 110.51 and a 200 day moving average price of GBX 110.64. The firm has a market capitalization of £101.71 million, a P/E ratio of -3.85 and a beta of 0.80.

UIL Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, April 25th. Shareholders of record on Thursday, March 27th were given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a dividend yield of 1.75%. UIL's dividend payout ratio is currently -26.81%.

Insider Buying and Selling at UIL

In related news, insider Stuart J. Bridges acquired 11,736 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of GBX 113 ($1.51) per share, for a total transaction of £13,261.68 ($17,670.46). Insiders own 77.99% 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.