UIL (LON:UTL) Trading Down 1.3% – What’s Next?

UIL Limited (LON:UTL)’s share price was down 1.3% during mid-day trading on Friday . The stock traded as low as GBX 104 ($1.33) and last traded at GBX 110 ($1.40). Approximately 6,315 shares traded hands during trading, a decline of 52% from the average daily volume of 13,120 shares. The stock had previously closed at GBX 111.50 ($1.42).

UIL Trading Down 1.3 %

The firm has a market cap of £92.14 million, a P/E ratio of -366.67 and a beta of 0.80. The company’s fifty day moving average price is GBX 106.27 and its two-hundred day moving average price is GBX 103.89.

UIL Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, September 26th were given a GBX 2 ($0.03) dividend. This represents a yield of 2.05%. The ex-dividend date of this dividend was Thursday, September 26th. UIL’s payout ratio is presently -2,666.67%.

Insider Activity

In other news, insider Stuart J. Bridges purchased 12,449 shares of UIL stock in a transaction on Thursday, October 10th. The stock was purchased at an average price of GBX 107 ($1.36) per share, with a total value of £13,320.43 ($16,981.68). 77.99% of the stock is currently owned by 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.