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

Jersey Electricity plc (LON:JEL) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443 ($5.48) and traded as high as GBX 448 ($5.55). Jersey Electricity shares last traded at GBX 448 ($5.55), with a volume of 290 shares changing hands.

Jersey Electricity Trading Down 3.0 %

The firm has a market cap of £49.12 million, a price-to-earnings ratio of 1,140.54 and a beta of 0.18. The company’s 50-day moving average price is GBX 435.15 and its 200-day moving average price is GBX 443. The company has a quick ratio of 2.90, a current ratio of 3.57 and a debt-to-equity ratio of 13.55.

Jersey Electricity Increases Dividend

The company also recently disclosed 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 represents a yield of 2.73%. This is a boost from Jersey Electricity’s previous dividend of $8.40. The ex-dividend date of this dividend is Thursday, February 20th. 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.