UIL (LON:UTL) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

UIL Limited (LON:UTL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 107.02 ($1.35) and traded as high as GBX 119 ($1.50). UIL shares last traded at GBX 115.64 ($1.46), with a volume of 54,852 shares trading hands.

UIL Stock Performance

The stock has a market cap of £102.15 million, a P/E ratio of -3.87 and a beta of 0.80. The business has a 50 day simple moving average of GBX 112.54 and a 200-day simple moving average of GBX 107.09.

UIL Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 1.82%. UIL’s dividend payout ratio (DPR) is presently -26.81%.

Insider Buying and Selling at UIL

In other news, insider Stuart J. Bridges purchased 11,483 shares of the business’s stock in a transaction dated Monday, January 20th. The stock was bought at an average price of GBX 116 ($1.47) per share, for a total transaction of £13,320.28 ($16,829.16). Corporate insiders own 77.99% of the company’s stock.

UIL Company Profile

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.