UIL (LON:UTL) Shares Pass Below 200 Day Moving Average – What’s Next?

UIL Limited (LON:UTL) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 103.04 ($1.34) and traded as low as GBX 98.55 ($1.28). UIL shares last traded at GBX 109.40 ($1.42), with a volume of 15,426 shares.

UIL Trading Up 2.4 %

The stock has a market capitalization of £88.79 million, a PE ratio of -364.67 and a beta of 0.80. The stock’s fifty day simple moving average is GBX 99.91 and its 200-day simple moving average is GBX 103.04.

UIL Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, September 26th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 2.05%. The ex-dividend date is Thursday, September 26th. UIL’s dividend payout ratio is currently -2,666.67%.

Insider Activity at UIL

In other news, insider Stuart J. Bridges acquired 12,449 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average cost of GBX 107 ($1.39) per share, for a total transaction of £13,320.43 ($17,274.58). 77.99% of the stock is currently owned by company insiders.

About UIL

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.