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

Greencoat Renewables (LON:GRP)’s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 0.76 ($0.01) and last traded at GBX 0.78 ($0.01), with a volume of 86468 shares. The stock had previously closed at GBX 0.78 ($0.01).

Greencoat Renewables Price Performance

The company has a quick ratio of 15.30, a current ratio of 0.25 and a debt-to-equity ratio of 65.97. The stock’s 50 day moving average price is GBX 0.83 and its two-hundred day moving average price is GBX 0.89. The stock has a market cap of £9.07 million, a price-to-earnings ratio of 6.12 and a beta of 0.03.

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 dividend of €0.02 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend 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.