Jersey Electricity (LON:JEL) Shares Cross Below 50-Day Moving Average – Here’s Why

Jersey Electricity plc (LON:JEL)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 Stock Down 1.9%

The company has a market capitalization of £142.07 million, a PE 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 firm has a 50 day simple moving average of GBX 471.85 and a two-hundred day simple moving average of GBX 465.17.

Insiders Place Their Bets

In other Jersey Electricity news, insider Elisabeth Iceton sold 1,700 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of GBX 465, for a total value of £7,905. 0.28% of the stock is currently owned by company insiders.

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.