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

Greencoat UK Wind PLC (LON:UKWGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 105.50 and traded as low as GBX 97.50. Greencoat UK Wind shares last traded at GBX 97.50, with a volume of 3,596,520 shares trading hands.

Greencoat UK Wind Stock Performance

The company has a debt-to-equity ratio of 49.27, a current ratio of 0.09 and a quick ratio of 14.31. The company has a market capitalization of £2.12 billion, a PE ratio of -15.13 and a beta of 0.24. The stock has a 50-day simple moving average of GBX 97.71 and a 200 day simple moving average of GBX 105.50.

About Greencoat UK Wind

(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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