Greencoat Renewables (LON:GRP) Sets New 52-Week Low – Should You Sell?

Greencoat Renewables (LON:GRP) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01), with a volume of 234780 shares. The stock had previously closed at GBX 0.83 ($0.01).

Greencoat Renewables Stock Down 2.9 %

The firm has a market cap of £9.15 million, a P/E ratio of 6.18 and a beta of 0.03. The company has a debt-to-equity ratio of 65.97, a quick ratio of 15.30 and a current ratio of 0.25. The firm’s fifty day moving average is GBX 0.87 and its 200 day moving average is GBX 0.89.

Greencoat Renewables Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 7th were issued a dividend of €0.02 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 1.89%. Greencoat Renewables’s payout ratio is currently 4,615.38%.

Greencoat Renewables Company Profile

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.