Greencoat Renewables (LON:GRP) Trading Down 0.3% - Here's Why

Key Points

• Greencoat Renewables shares decreased by 0.3%, trading at GBX 0.80 ($0.01) with a significant drop in trading volume of 93% compared to the average.
• The company has a market capitalization of £888.60 million and operates 25 wind farms generating a total capacity of 800 megawatts across several European countries.
• Greencoat Renewables has a high debt-to-equity ratio of 96.06, indicating a potentially risky financial structure despite a healthy current ratio of 4.05.

Shares of Greencoat Renewables (LON:GRP - Get Free Report) fell 0.3% during mid-day trading on Monday . The company traded as low as GBX 0.79 ($0.01) and last traded at GBX 0.80 ($0.01). 97,468 shares traded hands during trading, a decline of 93% from the average session volume of 1,371,407 shares. The stock had previously closed at GBX 0.80 ($0.01).

Greencoat Renewables Price Performance

The stock's 50-day moving average is GBX 0.76 and its 200-day moving average is GBX 0.76. The firm has a market cap of £862.99 million, a P/E ratio of 15.01 and a beta of 0.03. The company has a quick ratio of 15.30, a current ratio of 4.05 and a debt-to-equity ratio of 96.06.

About Greencoat Renewables

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain. As of December 31, 2021, the company operated 25 wind farms with an aggregate generating capacity of 800 megawatts. It also invests in solar generation assets. The company was incorporated in 2017 and is based in Dublin, Ireland.