Jersey Electricity (LON:JEL) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Jersey Electricity plc (LON:JEL) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 448.83 and traded as low as GBX 445. Jersey Electricity shares last traded at GBX 449.50, with a volume of 6,222 shares traded.

Jersey Electricity Stock Up 1.0%

The stock has a 50-day simple moving average of GBX 448.83 and a two-hundred day simple moving average of GBX 453.82. 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 firm has a market cap of £137.73 million, a PE ratio of 12.82 and a beta of 0.31.

Jersey Electricity (LON:JEL) last posted its quarterly earnings data on Tuesday, June 16th. The company reported GBX 25.76 EPS for the quarter. Jersey Electricity had a net margin of 7.30% and a return on equity of 4.19%. The business had revenue of GBX 8,341 million during the quarter. Analysts expect that Jersey Electricity plc will post 29.6610169 earnings per share 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.