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

Jersey Electricity plc (LON:JEL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 450.66 and traded as high as GBX 458. Jersey Electricity shares last traded at GBX 458, with a volume of 155 shares trading hands.

Jersey Electricity Stock Up 1.1%

The firm has a 50 day moving average price of GBX 450.54 and a 200-day moving average price of GBX 455.37. The firm has a market cap of £139.41 million, a price-to-earnings ratio of 12.67 and a beta of 0.29. The company has a debt-to-equity ratio of 13.42, a current ratio of 3.00 and a quick ratio of 2.90.

Jersey Electricity (LON:JEL) last announced its quarterly earnings data on Tuesday, June 16th. The company reported GBX 25.76 earnings per share for the quarter. The firm had revenue of GBX 8,341 million during the quarter. Jersey Electricity had a return on equity of 4.19% and a net margin of 7.30%. As a group, equities analysts predict that Jersey Electricity plc will post 29.6610169 EPS for the current fiscal 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.