Jersey Electricity (LON:JEL) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Jersey Electricity plc (LON:JEL)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 444.16 and traded as high as GBX 445. Jersey Electricity shares last traded at GBX 445, with a volume of 100 shares trading hands.

Jersey Electricity Trading Up 1.1%

The business has a 50-day moving average of GBX 444.16 and a 200-day moving average of GBX 450.33. The company has a quick ratio of 2.90, a current ratio of 3.00 and a debt-to-equity ratio of 13.42. The stock has a market cap of £136.35 million, a price-to-earnings ratio of 12.69 and a beta of 0.31.

Jersey Electricity (LON:JEL) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 25.76 earnings per share for the quarter. The company 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, research analysts forecast that Jersey Electricity plc will post 29.6610169 earnings per share for the current year.

Jersey Electricity Company Profile

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.