UIL (LON:UTL) Shares Cross Below Two Hundred Day Moving Average of $113.19

Shares of UIL Limited (LON:UTL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.19 ($1.44) and traded as low as GBX 101 ($1.28). UIL shares last traded at GBX 104.70 ($1.33), with a volume of 8,702 shares trading hands.

UIL Price Performance

The firm has a market cap of £86.77 million, a price-to-earnings ratio of -197.55 and a beta of 0.74. The stock has a 50 day moving average of GBX 104.53 and a 200 day moving average of GBX 113.19.

UIL Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 4th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.93%. The ex-dividend date is Thursday, July 4th. UIL’s payout ratio is presently -1,509.43%.

Insider Transactions at UIL

In other news, insider Alison Hill bought 8,628 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average price of GBX 112 ($1.42) per share, for a total transaction of £9,663.36 ($12,258.48). 77.79% of the stock is owned by insiders.

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.