Jersey Electricity (LON:JEL) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Jersey Electricity plc (LON:JEL) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 465.50 and traded as low as GBX 460. Jersey Electricity shares last traded at GBX 465, with a volume of 453 shares traded.

Jersey Electricity Price Performance

The business has a fifty day moving average of GBX 465.50 and a 200 day moving average of GBX 468.47. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.81 and a quick ratio of 2.90. The stock has a market cap of £142.48 million, a PE ratio of 12.95 and a beta of 0.18.

Jersey Electricity (LON:JEL) last announced its earnings results on Wednesday, December 17th. The company reported GBX 35.90 earnings per share (EPS) for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. Sell-side analysts anticipate that Jersey Electricity plc will post 29.6610169 earnings per share for the current 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.