UIL (LON:UTL) Shares Cross Above 200 Day Moving Average – Should You Sell?

UIL Limited (LON:UTL) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 148.28 and traded as high as GBX 165.25. UIL shares last traded at GBX 150, with a volume of 17,836 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of UIL in a research report on Wednesday, November 5th.

UIL Price Performance

The business’s 50-day moving average is GBX 157.48 and its 200 day moving average is GBX 148.28. The firm has a market capitalization of £135.66 million, a P/E ratio of 13.42 and a beta of 0.80.

Insider Transactions at UIL

In related news, insider David Shillson purchased 6,535 shares of UIL stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average price of GBX 156 per share, with a total value of £10,194.60. Also, insider Stuart J. Bridges acquired 8,835 shares of the company’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of GBX 156 per share, with a total value of £13,782.60. Over the last ninety days, insiders have acquired 23,807 shares of company stock valued at $3,713,892. 1.69% of the stock is currently owned by company insiders.

UIL Company Profile

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.