Greencoat Renewables (LON:GRP) Reaches New 12-Month Low – Here’s Why

Greencoat Renewables (LON:GRP) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.78 ($0.01) and last traded at GBX 0.81 ($0.01), with a volume of 80877 shares changing hands. The stock had previously closed at GBX 0.82 ($0.01).

Greencoat Renewables Stock Down 2.7 %

The company has a debt-to-equity ratio of 65.97, a current ratio of 0.25 and a quick ratio of 15.30. The company has a fifty day moving average price of GBX 0.84 and a 200 day moving average price of GBX 0.89. The company has a market cap of £8.97 million, a PE ratio of 6.05 and a beta of 0.03.

Greencoat Renewables Announces Dividend

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

About Greencoat Renewables

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.