UIL (LON:UTL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

UIL Limited (LON:UTL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 198.40 and traded as high as GBX 203.16. UIL shares last traded at GBX 203.16, with a volume of 20,000 shares traded.

UIL Stock Up 3.1%

The stock’s 50-day moving average price is GBX 200.89 and its 200 day moving average price is GBX 198.40. The firm has a market cap of £183.66 million, a price-to-earnings ratio of 4.22 and a beta of 0.61.

Insider Activity at UIL

In other news, insider Peter Durhager purchased 10,101 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of GBX 208 per share, for a total transaction of £21,010.08. Also, insider Stuart J. Bridges purchased 6,701 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average cost of GBX 206 per share, with a total value of £13,804.06. Insiders have bought 28,159 shares of company stock worth $5,820,956 over the last three months. Company insiders own 1.88% of the company’s stock.

About UIL

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.