Greencoat Renewables (LON:GRP) Reaches New 1-Year Low – Here’s Why

Greencoat Renewables (LON:GRPGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 0.66 and last traded at GBX 0.69, with a volume of 83607 shares traded. The stock had previously closed at GBX 0.67.

Greencoat Renewables Stock Up 3.0%

The company’s fifty day simple moving average is GBX 0.71 and its 200 day simple moving average is GBX 0.74. The company has a current ratio of 4.05, a quick ratio of 15.30 and a debt-to-equity ratio of 96.06. The firm has a market capitalization of £7.68 million, a P/E ratio of -0.15 and a beta of 0.03.

About Greencoat Renewables

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Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain. As of December 31, 2021, the company operated 25 wind farms with an aggregate generating capacity of 800 megawatts. It also invests in solar generation assets. The company was incorporated in 2017 and is based in Dublin, Ireland.

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