Jersey Electricity (LON:JEL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Jersey Electricity plc (LON:JEL)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 434.72 ($5.41) and traded as low as GBX 423 ($5.27). Jersey Electricity shares last traded at GBX 423 ($5.27), with a volume of 966 shares trading hands.

Jersey Electricity Stock Down 2.8 %

The company has a debt-to-equity ratio of 13.55, a current ratio of 3.57 and a quick ratio of 2.90. The stock has a market cap of £49.24 million, a PE ratio of 1,143.24 and a beta of 0.18. The business has a fifty day moving average of GBX 436.07 and a 200-day moving average of GBX 434.72.

Jersey Electricity (LON:JEL) last announced its quarterly earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.47) earnings per share (EPS) for the quarter. Jersey Electricity had a return on equity of 4.64% and a net margin of 8.57%. Equities research analysts anticipate that Jersey Electricity plc will post 29.6610169 earnings per share for the current year.

Jersey Electricity Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 20th will be issued a GBX 12 ($0.15) dividend. This is a positive change from Jersey Electricity’s previous dividend of $8.40. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.73%. Jersey Electricity’s payout ratio is presently 5,405.41%.

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.