Greencoat UK Wind (LON:UKW) Sets New 52-Week Low – Should You Sell?

Greencoat UK Wind PLC (LON:UKWGet Free Report)’s share price reached a new 52-week low on Friday . The company traded as low as GBX 93.70 and last traded at GBX 93.93, with a volume of 5735032 shares. The stock had previously closed at GBX 95.05.

Greencoat UK Wind Stock Performance

The business has a fifty day moving average of GBX 97.57 and a 200-day moving average of GBX 104.39. The company has a market cap of £2.03 billion, a PE ratio of -14.51 and a beta of 0.24. The company has a current ratio of 0.09, a quick ratio of 14.31 and a debt-to-equity ratio of 49.27.

About Greencoat UK Wind

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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.

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