Jersey Electricity (LON:JEL) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 449.61 and traded as low as GBX 442. Jersey Electricity shares last traded at GBX 443.80, with a volume of 32 shares changing hands.

Jersey Electricity Stock Up 0.4%

The business’s fifty day simple moving average is GBX 449.61 and its 200 day simple moving average is GBX 454.52. The company has a current ratio of 3.00, a quick ratio of 2.90 and a debt-to-equity ratio of 13.42. The stock has a market cap of £135.98 million, a price-to-earnings ratio of 12.66 and a beta of 0.31.

Jersey Electricity (LON:JEL) last issued its earnings results on Tuesday, June 16th. The company reported GBX 25.76 EPS for the quarter. The company had revenue of GBX 8,341 million during the quarter. Jersey Electricity had a net margin of 7.30% and a return on equity of 4.19%. Equities analysts forecast that Jersey Electricity plc will post 29.6610169 earnings per share for the current fiscal year.

Jersey Electricity Company Profile

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. It also offers consulting services, including mechanical, electrical, and public health services for construction projects, businesses, and buildings; maintains and sells refrigeration and catering equipment; and operates and leases Powerhouse retail park to retailers.