Greencoat UK Wind (LON:UKW) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Greencoat UK Wind PLC (LON:UKW)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 114.20 and traded as low as GBX 106.23. Greencoat UK Wind shares last traded at GBX 106.83, with a volume of 6,636,167 shares changing hands.

Greencoat UK Wind Trading Up 0.4%

The company has a quick ratio of 14.31, a current ratio of 0.09 and a debt-to-equity ratio of 49.27. The stock has a fifty day simple moving average of GBX 108.50 and a 200 day simple moving average of GBX 114.20. The firm has a market capitalization of £2.33 billion, a P/E ratio of -16.46 and a beta of 0.24.

Greencoat UK Wind (LON:UKW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX (3.23) EPS for the quarter. Greencoat UK Wind had a net margin of 29.24% and a return on equity of 2.15%. As a group, research analysts forecast that Greencoat UK Wind PLC will post 14.4164038 EPS for the current year.

Greencoat UK Wind Company Profile

Greencoat UK Wind PLC specializes in renewables infrastructure investments in energy, wind generation assets and onshore and offshore wind farm projects with a capacity of over 10 megawatt. For offshore wind farms, the fund seeks to invest 40% of the Gross Asset Value at acquisition and where a utility company retains an equity interest for a lock-up period.