UIL (LON:UTL) Shares Pass Above 200 Day Moving Average – What’s Next?

UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 108.20 ($1.40) and traded as high as GBX 119 ($1.54). UIL shares last traded at GBX 114.23 ($1.48), with a volume of 12,241 shares.

UIL Price Performance

The stock’s 50-day simple moving average is GBX 114.57 and its two-hundred day simple moving average is GBX 108.32. The firm has a market capitalization of £97.37 million, a P/E ratio of -3.69 and a beta of 0.80.

UIL Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, March 27th. This represents a yield of 1.75%. UIL’s dividend payout ratio is presently -26.81%.

Insider Transactions at UIL

In related news, insider Stuart J. Bridges bought 11,483 shares of the stock in a transaction dated Monday, January 20th. The shares were purchased at an average price of GBX 116 ($1.50) per share, with a total value of £13,320.28 ($17,272.15). Corporate insiders own 77.99% of the company’s stock.

UIL Company Profile

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.