UIL (LON:UTL) Stock Passes Above 200 Day Moving Average – Time to Sell?

UIL Limited (LON:UTL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 181.22 and traded as high as GBX 206. UIL shares last traded at GBX 188, with a volume of 3,431 shares trading hands.

UIL Stock Down 5.5%

The business has a 50 day moving average of GBX 200.26 and a 200 day moving average of GBX 181.22. The company has a market capitalization of £170.03 million, a P/E ratio of 3.91 and a beta of 0.28.

Insider Buying and Selling

In other news, insider Peter Durhager purchased 33,657 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of GBX 208 per share, with a total value of £70,006.56. Also, insider Stuart J. Bridges acquired 5,209 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of GBX 196 per share, for a total transaction of £10,209.64. Over the last three months, insiders have purchased 54,709 shares of company stock valued at $11,316,964. 1.81% of the stock is owned by corporate insiders.

About UIL

UIL Limited is focused on uncovering investments with underlying value.

UIL’s investment objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not fully recognised.

UIL Limited (formerly Utilico Investments Limited and Utilico Limited) is an exempted closed-end Bermuda incorporated investment company, established as a successor to Utilico Investment Trust plc.