Greencoat UK Wind (LON:UKW) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Greencoat UK Wind PLC shares dropped below the 200-day moving average of GBX 114.95, trading as low as GBX 111.50.
• The company's market capitalization stands at £2.53 billion, with a price-to-earnings ratio of 32.61.
• Quarterly earnings reported a loss of GBX (3.23) per share, while analysts anticipate an earnings forecast of 14.42 per share for the current fiscal year.

Greencoat UK Wind PLC (LON:UKW - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 114.95 ($1.55) and traded as low as GBX 111.50 ($1.51). Greencoat UK Wind shares last traded at GBX 112.60 ($1.52), with a volume of 3,270,678 shares traded.

Greencoat UK Wind Trading Up 1.8%

The company's 50-day moving average is GBX 119.68 and its 200-day moving average is GBX 114.82. The firm has a market cap of £2.49 billion, a price-to-earnings ratio of 32.02 and a beta of 0.24. The company has a debt-to-equity ratio of 49.27, a quick ratio of 14.31 and a current ratio of 0.09.

Greencoat UK Wind (LON:UKW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX (3.23) earnings per share (EPS) for the quarter. Greencoat UK Wind had a return on equity of 2.15% and a net margin of 29.24%. On average, research analysts predict that Greencoat UK Wind PLC will post 14.4164038 earnings per share for the current 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.