Greencoat UK Wind (LON:UKW) Share Price Passes Below 200 Day Moving Average – Time to Sell?

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 101.91 and traded as low as GBX 95.20. Greencoat UK Wind shares last traded at GBX 95.25, with a volume of 4,527,027 shares changing hands.

Greencoat UK Wind Price Performance

The stock’s 50 day simple moving average is GBX 96.71 and its 200-day simple moving average is GBX 101.91. The company has a market capitalization of £2.08 billion, a PE ratio of -14.85 and a beta of 0.24. The company has a debt-to-equity ratio of 59.67, a current ratio of 0.20 and a quick ratio of 14.31.

Greencoat UK Wind (LON:UKW) last released its earnings results on Thursday, February 26th. The company reported GBX (871) earnings per share (EPS) for the quarter. Greencoat UK Wind had a negative return on equity of 6.35% and a negative net margin of 99.49%. As a group, equities analysts forecast 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.