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

Jersey Electricity plc (LON:JEL)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 465.50 and traded as low as GBX 460. Jersey Electricity shares last traded at GBX 465, with a volume of 453 shares changing hands.

Jersey Electricity Price Performance

The stock has a market cap of £142.48 million, a P/E ratio of 12.95 and a beta of 0.18. The company has a quick ratio of 2.90, a current ratio of 2.81 and a debt-to-equity ratio of 13.96. The business’s 50-day simple moving average is GBX 465.50 and its two-hundred day simple moving average is GBX 468.50.

Jersey Electricity (LON:JEL) last posted its quarterly earnings results on Wednesday, December 17th. The company reported GBX 35.90 earnings per share (EPS) for the quarter. Jersey Electricity had a net margin of 8.57% and a return on equity of 4.58%. Sell-side analysts expect that Jersey Electricity plc will post 29.6610169 EPS for the current 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.