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

Greencoat UK Wind PLC (LON:UKW) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 126.45 ($1.63) and traded as low as GBX 110.80 ($1.43). Greencoat UK Wind shares last traded at GBX 111.20 ($1.43), with a volume of 3,964,939 shares changing hands.

Greencoat UK Wind Price Performance

The firm has a 50 day moving average price of GBX 115.14 and a 200-day moving average price of GBX 126.25. 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 firm has a market cap of £2.52 billion, a price-to-earnings ratio of 32.48 and a beta of 0.24.

Greencoat UK Wind (LON:UKW) last released its earnings results on Thursday, February 27th. The company reported GBX (2.43) (($0.03)) earnings per share (EPS) for the quarter. Greencoat UK Wind had a net margin of 29.24% and a return on equity of 2.15%. As a group, equities analysts predict that Greencoat UK Wind PLC will post 14.4164038 EPS for the current fiscal 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.