UIL (LON:UTL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

UIL Limited (LON:UTL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 200.16 and traded as high as GBX 207. UIL shares last traded at GBX 206, with a volume of 1,662 shares changing hands.

UIL Price Performance

The company’s 50-day simple moving average is GBX 201.23 and its two-hundred day simple moving average is GBX 200.29. The firm has a market capitalization of £188.04 million, a P/E ratio of 4.32 and a beta of 0.61.

Insider Activity

In other news, insider Peter Durhager bought 6,400 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average price of GBX 206 per share, for a total transaction of £13,184. Also, insider Stuart J. Bridges bought 6,701 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 206 per share, with a total value of £13,804.06. Insiders have purchased a total of 18,058 shares of company stock valued at $3,719,948 in the last ninety days. Corporate insiders own 1.88% of the company’s stock.

About UIL

UIL Limited is focused on uncovering investments with underlying value.

UIL’s investment objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not fully recognised.

UIL Limited (formerly Utilico Investments Limited and Utilico Limited) is an exempted closed-end Bermuda incorporated investment company, established as a successor to Utilico Investment Trust plc.