Greencoat UK Wind (LON:UKW) Shares Cross Above 200-Day Moving Average – Here’s Why

Greencoat UK Wind PLC (LON:UKW)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 99.87 and traded as high as GBX 107.84. Greencoat UK Wind shares last traded at GBX 106.38, with a volume of 3,510,146 shares.

Analyst Ratings Changes

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

Greencoat UK Wind Trading Up 0.4%

The stock has a fifty day moving average of GBX 103.61 and a two-hundred day moving average of GBX 99.95. The company has a market capitalization of £2.35 billion, a PE ratio of -12.51 and a beta of 0.30. The company has a current ratio of 0.18, a quick ratio of 14.31 and a debt-to-equity ratio of 59.67.

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 negative return on equity of 6.35% and a negative net margin of 99.49%. As a group, sell-side analysts anticipate 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.