Jersey Electricity (LON:JEL) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Jersey Electricity plc (LON:JEL)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 448.43 and traded as low as GBX 447. Jersey Electricity shares last traded at GBX 450, with a volume of 5,337 shares changing hands.

Jersey Electricity Stock Performance

The company has a 50-day simple moving average of GBX 448.43 and a two-hundred day simple moving average of GBX 457.36. The company has a debt-to-equity ratio of 13.72, a quick ratio of 2.90 and a current ratio of 2.78. The firm has a market capitalization of £137.88 million, a P/E ratio of 12.53 and a beta of 0.29.

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.