UIL (LON:UTL) Share Price Passes Above 200-Day Moving Average – What’s Next?

UIL Limited (LON:UTL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 106.58 ($1.33) and traded as high as GBX 115.50 ($1.44). UIL shares last traded at GBX 115.08 ($1.43), with a volume of 7,487 shares traded.

UIL Price Performance

The firm has a market cap of £96.39 million, a PE ratio of -383.60 and a beta of 0.80. The company’s 50 day moving average price is GBX 111.90 and its 200 day moving average price is GBX 106.58.

UIL Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a GBX 2 ($0.02) dividend. The ex-dividend date was Thursday, January 2nd. This represents a yield of 1.82%. UIL’s dividend payout ratio is presently -2,666.67%.

Insiders Place Their Bets

In related news, insider Stuart J. Bridges acquired 11,483 shares of the firm’s stock in a transaction dated Monday, January 20th. The stock was acquired at an average price of GBX 116 ($1.44) per share, for a total transaction of £13,320.28 ($16,579.89). Insiders own 77.99% of the company’s stock.

About UIL

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.