Jersey Electricity (LON:JEL) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Jersey Electricity plc (LON:JEL) crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Jersey Electricity Trading Down 1.1%

The stock has a market cap of £142.48 million, a price-to-earnings ratio of 12.95 and a beta of 0.18. The business’s fifty day simple moving average is GBX 465.50 and its 200 day simple moving average is 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.

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

Jersey Electricity Company Profile

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.