Greencoat UK Wind (LON:UKW) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Greencoat UK Wind PLC (LON:UKW)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 107.98 and traded as low as GBX 98.55. Greencoat UK Wind shares last traded at GBX 98.85, with a volume of 3,020,617 shares changing hands.

Greencoat UK Wind Stock Down 0.1%

The company has a current ratio of 0.09, a quick ratio of 14.31 and a debt-to-equity ratio of 49.27. The business’s fifty day moving average price is GBX 98.58 and its 200 day moving average price is GBX 107.88. The company has a market capitalization of £2.13 billion, a P/E ratio of -15.23 and a beta of 0.24.

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. 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.