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

Greencoat UK Wind PLC (LON:UKWGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 110.44 and traded as low as GBX 97.45. Greencoat UK Wind shares last traded at GBX 97.98, with a volume of 2,675,577 shares traded.

Greencoat UK Wind Price Performance

The firm has a 50 day moving average of GBX 101.62 and a 200-day moving average of GBX 110.44. 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 company has a market cap of £2.12 billion, a P/E ratio of -15.10 and a beta of 0.24.

Greencoat UK Wind Company Profile

(Get Free Report)

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.

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