Jersey Electricity (LON:JEL) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Jersey Electricity plc (LON:JEL) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 427.32 ($5.68) and traded as high as GBX 470 ($6.24). Jersey Electricity shares last traded at GBX 450 ($5.98), with a volume of 10,431 shares traded.

Jersey Electricity Trading Up 1.1%

The stock has a market cap of £140.16 million, a PE ratio of 12.45 and a beta of 0.18. The business has a 50 day moving average of GBX 427.32 and a 200-day moving average of GBX 430.74. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96.

Jersey Electricity Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 20th were given a dividend of GBX 12 ($0.16) per share. This represents a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Jersey Electricity’s previous dividend of $8.40. Jersey Electricity’s dividend payout ratio is currently 55.35%.

Insider Buying and Selling

In other news, insider Christopher Ambler purchased 4,000 shares of Jersey Electricity stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 425 ($5.65) per share, with a total value of £17,000 ($22,582.36). 0.44% of the stock is owned by company insiders.

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.