Greencoat UK Wind (LON:UKW) Hits New 1-Year Low – Here’s What Happened

Shares of Greencoat UK Wind PLC (LON:UKWGet Free Report) reached a new 52-week low during trading on Friday . The company traded as low as GBX 93.70 and last traded at GBX 93.93, with a volume of 5735032 shares traded. The stock had previously closed at GBX 95.05.

Greencoat UK Wind Price Performance

The stock’s 50 day simple moving average is GBX 97.57 and its 200-day simple moving average is GBX 104.39. The firm has a market cap of £2.03 billion, a price-to-earnings ratio of -14.51 and a beta of 0.24. The company has a debt-to-equity ratio of 49.27, a quick ratio of 14.31 and a current ratio of 0.09.

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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