Jersey Electricity (LON:JEL) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Jersey Electricity plc (LON:JEL) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 433.91 ($5.48) and traded as high as GBX 435 ($5.50). Jersey Electricity shares last traded at GBX 421 ($5.32), with a volume of 331 shares trading hands.

Jersey Electricity Trading Down 3.2 %

The business’s 50 day moving average price is GBX 433.91 and its 200-day moving average price is GBX 433.41. The company has a market cap of £131.13 million, a price-to-earnings ratio of 11.65 and a beta of 0.18. 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 (LON:JEL) last issued its quarterly earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.48) EPS for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.58%. On average, equities analysts anticipate that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal year.

Jersey Electricity Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 12 ($0.15) per share. This is a boost from Jersey Electricity’s previous dividend of $8.40. This represents a yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 20th. Jersey Electricity’s dividend payout ratio (DPR) is presently 55.35%.

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.