Greencoat UK Wind (LON:UKW) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Greencoat UK Wind PLC (LON:UKW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 101.17 and traded as high as GBX 111.60. Greencoat UK Wind shares last traded at GBX 111, with a volume of 3,554,068 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Greencoat UK Wind in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Greencoat UK Wind Price Performance

The company has a debt-to-equity ratio of 58.38, a current ratio of 0.59 and a quick ratio of 14.31. The stock has a 50 day simple moving average of GBX 106.17 and a two-hundred day simple moving average of GBX 101.17. The company has a market cap of £2.40 billion, a price-to-earnings ratio of 270.73 and a beta of 0.30.

Greencoat UK Wind (LON:UKW) last issued its earnings results on Thursday, July 30th. The company reported GBX 5.89 earnings per share (EPS) for the quarter. Greencoat UK Wind had a return on equity of 0.24% and a net margin of 1.60%. On average, equities research analysts predict that Greencoat UK Wind PLC will post 14.4164038 earnings per share for the current fiscal year.

Greencoat UK Wind Company Profile

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.