Jersey Electricity (LON:JEL) Shares Up 2.2% – Here’s Why

Jersey Electricity plc (LON:JEL)’s share price was up 2.2% during mid-day trading on Wednesday . The stock traded as high as GBX 475 and last traded at GBX 475. Approximately 3,001 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 7,637 shares. The stock had previously closed at GBX 465.

Jersey Electricity Trading Up 2.2%

The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96. The stock has a market capitalization of £145.54 million, a P/E ratio of 13.23 and a beta of 0.18. The business’s fifty day simple moving average is GBX 466.76 and its two-hundred day simple moving average is GBX 468.10.

Jersey Electricity (LON:JEL) last posted its quarterly earnings data 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%. As a group, analysts forecast 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.