Jersey Electricity (LON:JEL) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Jersey Electricity plc (LON:JEL) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 426.92 ($5.46) and traded as low as GBX 412 ($5.26). Jersey Electricity shares last traded at GBX 412 ($5.26), with a volume of 223 shares traded.

Jersey Electricity Stock Performance

The firm has a market capitalization of £128.33 million, a PE ratio of 11.40 and a beta of 0.18. The business has a 50-day simple moving average of GBX 426.92 and a 200-day simple moving average of GBX 430.98. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.81 and a quick ratio of 2.90.

Jersey Electricity Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 20th were given a GBX 12 ($0.15) dividend. The ex-dividend date was Thursday, February 20th. This is an increase from Jersey Electricity’s previous dividend of $8.40. This represents a yield of 2.73%. Jersey Electricity’s dividend payout ratio (DPR) is currently 55.35%.

Insider Buying and Selling at Jersey Electricity

In other news, insider Christopher Ambler acquired 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of GBX 425 ($5.43) per share, with a total value of £17,000 ($21,722.46). Company insiders own 0.44% 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.