Jersey Electricity (LON:JEL) Shares Cross Below 50 Day Moving Average of $438.55

Jersey Electricity plc (LON:JEL)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 438.55 ($5.55) and traded as low as GBX 430 ($5.44). Jersey Electricity shares last traded at GBX 430 ($5.44), with a volume of 1,497 shares.

Jersey Electricity Trading Up 2.4 %

The firm has a market cap of £50.05 million, a P/E ratio of 1,162.16 and a beta of 0.20. The company has a debt-to-equity ratio of 13.87, a quick ratio of 2.90 and a current ratio of 3.54. The firm has a fifty day moving average of GBX 438.55 and a 200-day moving average of GBX 431.68.

Jersey Electricity Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 22nd were paid a GBX 10.80 ($0.14) dividend. This represents a yield of 2.1%. This is a boost from Jersey Electricity’s previous dividend of $7.60. The ex-dividend date was Thursday, February 22nd. Jersey Electricity’s dividend payout ratio (DPR) is presently 5,135.14%.

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.