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

Greencoat UK Wind PLC (LON:UKW)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 104.39 and traded as low as GBX 95.05. Greencoat UK Wind shares last traded at GBX 95.25, with a volume of 26,649,889 shares changing hands.

Greencoat UK Wind Stock Up 0.3%

The company has a debt-to-equity ratio of 49.27, a quick ratio of 14.31 and a current ratio of 0.09. The stock’s fifty day simple moving average is GBX 97.57 and its two-hundred day simple moving average is GBX 104.39. The stock has a market capitalization of £2.06 billion, a P/E ratio of -14.69 and a beta of 0.24.

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.