Greencoat Renewables (LON:GRP) Sets New 1-Year Low – Should You Sell?

Greencoat Renewables (LON:GRP)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.76 ($0.01) and last traded at GBX 0.76 ($0.01), with a volume of 91920 shares traded. The stock had previously closed at GBX 0.77 ($0.01).

Greencoat Renewables Stock Performance

The firm’s 50 day simple moving average is GBX 0.83 and its 200-day simple moving average is GBX 0.88. The company has a market capitalization of £8.71 million, a price-to-earnings ratio of 5.88 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.

Greencoat Renewables Dividend Announcement

The business also recently disclosed 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 was Thursday, November 7th. This represents a yield of 1.89%. Greencoat Renewables’s dividend payout ratio is presently 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.