Jersey Electricity (LON:JEL) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Jersey Electricity plc (LON:JEL) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 449.61 and traded as low as GBX 442. Jersey Electricity shares last traded at GBX 443.80, with a volume of 32 shares trading hands.

Jersey Electricity Stock Up 0.4%

The stock has a market capitalization of £135.98 million, a price-to-earnings ratio of 12.66 and a beta of 0.31. The firm has a 50 day simple moving average of GBX 449.61 and a 200-day simple moving average of GBX 454.52. The company has a debt-to-equity ratio of 13.42, a current ratio of 3.00 and a quick ratio of 2.90.

Jersey Electricity (LON:JEL) last posted its earnings results on Tuesday, June 16th. The company reported GBX 25.76 earnings per share for the quarter. The business had revenue of GBX 8,341 million for the quarter. Jersey Electricity had a net margin of 7.30% and a return on equity of 4.19%. On average, sell-side analysts forecast that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal year.

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. It also offers consulting services, including mechanical, electrical, and public health services for construction projects, businesses, and buildings; maintains and sells refrigeration and catering equipment; and operates and leases Powerhouse retail park to retailers.