Jersey Electricity (LON:JEL) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of 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 448.83 and traded as low as GBX 445. Jersey Electricity shares last traded at GBX 449.50, with a volume of 6,222 shares changing hands.

Jersey Electricity Stock Up 1.0%

The company’s 50 day moving average price is GBX 448.83 and its two-hundred day moving average price is GBX 453.82. The company has a current ratio of 3.00, a quick ratio of 2.90 and a debt-to-equity ratio of 13.42. The firm has a market cap of £137.73 million, a PE ratio of 12.82 and a beta of 0.31.

Jersey Electricity (LON:JEL) last announced its earnings results on Tuesday, June 16th. The company reported GBX 25.76 EPS for the quarter. Jersey Electricity had a return on equity of 4.19% and a net margin of 7.30%.The company had revenue of GBX 8,341 million for the quarter. On average, equities research analysts expect that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal 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.