Jersey Electricity (LON:JEL) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Jersey Electricity plc (LON:JEL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 443 ($5.50) and traded as high as GBX 448 ($5.57). Jersey Electricity shares last traded at GBX 448 ($5.57), with a volume of 290 shares.

Jersey Electricity Stock Performance

The stock has a market cap of £51.80 million, a P/E ratio of 1,202.70 and a beta of 0.18. 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’s 50 day simple moving average is GBX 435.45 and its two-hundred day simple moving average is GBX 442.76.

Jersey Electricity Increases Dividend

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

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.