Greencoat UK Wind (LON:UKW) Stock Passes Below 200 Day Moving Average – Should You Sell?

Greencoat UK Wind PLC (LON:UKWGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 107.98 and traded as low as GBX 98.55. Greencoat UK Wind shares last traded at GBX 98.85, with a volume of 3,020,617 shares trading hands.

Greencoat UK Wind Stock Performance

The company has a quick ratio of 14.31, a current ratio of 0.09 and a debt-to-equity ratio of 49.27. The stock has a market capitalization of £2.13 billion, a PE ratio of -15.23 and a beta of 0.24. The firm has a 50 day moving average price of GBX 98.58 and a 200-day moving average price of GBX 107.98.

Greencoat UK Wind Company Profile

(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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