Jersey Electricity (LON:JEL) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Jersey Electricity plc (LON:JEL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 441.31 and traded as high as GBX 449.60. Jersey Electricity shares last traded at GBX 447, with a volume of 2,673 shares.

Jersey Electricity Price Performance

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 firm has a market capitalization of £136.96 million, a PE ratio of 12.75 and a beta of 0.31. The company has a fifty day moving average price of GBX 441.31 and a two-hundred day moving average price of GBX 447.63.

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