Greencoat UK Wind (LON:UKW) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• Greencoat UK Wind PLC's share price has fallen below its 200-day moving average of GBX 114.54, with recent trading at GBX 106.80.
• The company has reported a net margin of 29.24% and a return on equity of 2.15%, with expected earnings per share of roughly 14.42 for the current year.
• Greencoat UK Wind specializes in renewable energy investments, focusing on large wind generation assets, both onshore and offshore.

Shares of Greencoat UK Wind PLC (LON:UKW - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 114.54 ($1.56) and traded as low as GBX 106.80 ($1.46). Greencoat UK Wind shares last traded at GBX 106.80 ($1.46), with a volume of 4,638,609 shares traded.

Greencoat UK Wind Stock Down 1.0%

The company has a current ratio of 0.09, a quick ratio of 14.31 and a debt-to-equity ratio of 49.27. The stock's 50-day simple moving average is GBX 116.05 and its 200-day simple moving average is GBX 114.39. The firm has a market capitalization of £2.26 billion, a P/E ratio of -1,588.60 and a beta of 0.24.

Greencoat UK Wind (LON:UKW - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts predict 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.