Jersey Electricity (LON:JEL) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 471.85 and traded as low as GBX 463.67. Jersey Electricity shares last traded at GBX 463.67, with a volume of 6,735 shares traded.

Jersey Electricity Price Performance

The stock has a market capitalization of £142.07 million, a price-to-earnings ratio of 12.08 and a beta of 0.18. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96. The company’s 50 day moving average is GBX 471.85 and its 200 day moving average is GBX 465.17.

Insider Activity at Jersey Electricity

In other news, insider Elisabeth Iceton sold 1,700 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of GBX 465, for a total value of £7,905. Company insiders own 0.28% of the company’s stock.

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.