Jersey Electricity (LON:JEL) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Jersey Electricity plc (LON:JEL)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 445.92 and traded as high as GBX 450. Jersey Electricity shares last traded at GBX 447, with a volume of 2,248 shares changing hands.

Jersey Electricity Stock Down 0.7%

The company has a market capitalization of £136.96 million, a P/E ratio of 12.45 and a beta of 0.28. The company has a debt-to-equity ratio of 13.72, a quick ratio of 2.90 and a current ratio of 2.78. The firm’s fifty day moving average is GBX 445.92 and its 200-day moving average is GBX 460.09.

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.