Greencoat UK Wind (LON:UKW) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Greencoat UK Wind PLC (LON:UKW)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.25 and traded as low as GBX 97.90. Greencoat UK Wind shares last traded at GBX 98.70, with a volume of 27,172,510 shares.

Greencoat UK Wind Stock Performance

The stock has a 50 day moving average of GBX 99.42 and a 200 day moving average of GBX 98.25. The company has a quick ratio of 14.31, a current ratio of 0.20 and a debt-to-equity ratio of 59.67. The company has a market capitalization of £2.13 billion, a price-to-earnings ratio of -11.32 and a beta of 0.22.

Greencoat UK Wind (LON:UKW) last posted its quarterly earnings data on Thursday, February 26th. The company reported GBX (871) EPS for the quarter. Greencoat UK Wind had a negative return on equity of 6.35% and a negative net margin of 99.49%. As a group, analysts predict that Greencoat UK Wind PLC will post 14.4164038 EPS for the current year.

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.