Greencoat UK Wind (LON:UKW) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Greencoat UK Wind PLC's stock price has recently crossed its 200-day moving average of GBX 115.47, reaching a high of GBX 117.90 during trading.
• The company reported a net margin of 29.24% and earnings per share (EPS) of GBX (3.23) for the last quarter, with analysts expecting an EPS of approximately 14.42 for the current fiscal year.
• Greencoat UK Wind specializes in renewable energy investments, focusing on both onshore and offshore wind farm projects with significant capacity commitments.

Shares of Greencoat UK Wind PLC (LON:UKW - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.47 ($1.55) and traded as high as GBX 117.90 ($1.58). Greencoat UK Wind shares last traded at GBX 115.20 ($1.55), with a volume of 3,250,109 shares trading hands.

Greencoat UK Wind Stock Up 0.3%

The firm has a 50 day moving average of GBX 120.72 and a 200 day moving average of GBX 115.35. The firm has a market cap of £2.67 billion, a price-to-earnings ratio of 34.31 and a beta of 0.24. The company has a quick ratio of 14.31, a current ratio of 0.09 and a debt-to-equity ratio of 49.27.

Greencoat UK Wind (LON:UKW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX (3.23) (($0.04)) EPS for the quarter. Greencoat UK Wind had a net margin of 29.24% and a return on equity of 2.15%. As a group, sell-side analysts predict that Greencoat UK Wind PLC will post 14.4164038 earnings per share for the current year.

About Greencoat UK Wind

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.