Jersey Electricity (LON:JEL) Shares Pass Below 50-Day Moving Average – Time to 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 466.75 and traded as low as GBX 465. Jersey Electricity shares last traded at GBX 480, with a volume of 5,492 shares traded.

Jersey Electricity Stock Up 3.2%

The firm has a market cap of £147.07 million, a P/E ratio of 13.37 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 business has a 50-day moving average price of GBX 466.75 and a 200-day moving average price of GBX 468.65.

Jersey Electricity (LON:JEL) last released its quarterly earnings data 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, equities analysts forecast 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.