Drax Group (LON:DRX) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Drax Group plc (LON:DRX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 610.19 ($7.67) and traded as high as GBX 634 ($7.97). Drax Group shares last traded at GBX 633 ($7.96), with a volume of 1,910,267 shares changing hands.

Drax Group Trading Down 0.5 %

The stock has a market capitalization of £2.40 billion, a P/E ratio of 379.52, a PEG ratio of 0.10 and a beta of 1.22. The firm’s 50-day simple moving average is GBX 646.77 and its 200 day simple moving average is GBX 611.87. The company has a quick ratio of 0.32, a current ratio of 1.26 and a debt-to-equity ratio of 63.77.

Drax Group Company Profile

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.