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

Jersey Electricity plc (LON:JEL)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 464.41 and traded as low as GBX 460. Jersey Electricity shares last traded at GBX 464, with a volume of 720 shares changing hands.

Jersey Electricity Stock Up 0.4%

The company has a quick ratio of 2.90, a current ratio of 2.81 and a debt-to-equity ratio of 13.96. The firm has a market capitalization of £142.17 million, a PE ratio of 12.92 and a beta of 0.18. The business’s 50-day moving average price is GBX 464.41 and its 200-day moving average price is GBX 468.75.

Jersey Electricity (LON:JEL) last issued its earnings results on Wednesday, December 17th. The company reported GBX 35.90 earnings per share (EPS) for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.58%. As a group, equities research analysts predict 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.