UIL (LON:UTL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

UIL Limited (LON:UTL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 148.28 and traded as high as GBX 165.25. UIL shares last traded at GBX 150, with a volume of 17,836 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of UIL in a research note on Wednesday, November 5th.

UIL Stock Performance

The stock’s fifty day moving average price is GBX 157.48 and its two-hundred day moving average price is GBX 148.28. The company has a market cap of £135.66 million, a P/E ratio of 13.42 and a beta of 0.80.

Insider Activity

In other UIL news, insider Peter Durhager acquired 8,437 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of GBX 156 per share, for a total transaction of £13,161.72. Also, insider Stuart J. Bridges bought 8,835 shares of UIL stock in a transaction on Monday, January 5th. The shares were acquired at an average cost of GBX 156 per share, for a total transaction of £13,782.60. In the last ninety days, insiders bought 23,807 shares of company stock worth $3,713,892. Insiders own 1.69% of the company’s stock.

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.