UIL (LON:UTL) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 104.12 ($1.32) and traded as high as GBX 114 ($1.45). UIL shares last traded at GBX 109 ($1.38), with a volume of 11,140 shares trading hands.

UIL Price Performance

The company has a market cap of £91.30 million, a price-to-earnings ratio of -363.33 and a beta of 0.80. The business’s fifty day moving average price is GBX 108.08 and its 200 day moving average price is GBX 104.12.

Insiders Place Their Bets

In other news, insider Stuart J. Bridges purchased 12,449 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of GBX 107 ($1.36) per share, for a total transaction of £13,320.43 ($16,899.81). Company insiders own 77.99% of the company’s stock.

UIL Company Profile

UIL Limited is a closed-ended equity mutual fund launched and managed by ICM Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure, utility, and related sectors including water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service, rail, roads, and any business with essential service or monopolistic characteristics.