Greencoat UK Wind (LON:UKW) Hits New 12-Month Low – Here’s What Happened

Greencoat UK Wind PLC (LON:UKW) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 93.10 and last traded at GBX 93.60, with a volume of 5502332 shares changing hands. The stock had previously closed at GBX 95.15.

Greencoat UK Wind Trading Down 0.4%

The company has a market cap of £2.01 billion, a P/E ratio of -14.37 and a beta of 0.24. The firm’s 50 day moving average is GBX 97.39 and its two-hundred day moving average is GBX 103.53. The company has a quick ratio of 14.31, a current ratio of 0.09 and a debt-to-equity ratio of 49.27.

About Greencoat UK Wind

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. The fund ensures that the total of short-term acquisition financing and long-term debt is between zero and 40% of Gross Asset Value at any time, with average total debt being between 20% and 30% in the longer term.