UIL (LON:UTL) Stock Price Passes Above 200-Day Moving Average – Here’s Why

UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 107.02 ($1.36) and traded as high as GBX 119 ($1.51). UIL shares last traded at GBX 115.64 ($1.47), with a volume of 54,852 shares traded.

UIL Price Performance

The business has a 50-day simple moving average of GBX 112.42 and a two-hundred day simple moving average of GBX 107.02. The stock has a market cap of £103.92 million, a price-to-earnings ratio of -3.94 and a beta of 0.80.

UIL Dividend Announcement

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

Insider Transactions at UIL

In related news, insider Stuart J. Bridges purchased 11,483 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average cost of GBX 116 ($1.47) per share, for a total transaction of £13,320.28 ($16,878.21). 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.