Greencoat Renewables (LON:GRP) Trading Up 0.9% – Should You Buy?

Greencoat Renewables (LON:GRP)’s share price was up 0.9% during mid-day trading on Monday . The company traded as high as GBX 0.95 ($0.01) and last traded at GBX 0.94 ($0.01). Approximately 198,581 shares changed hands during trading, a decline of 53% from the average daily volume of 421,144 shares. The stock had previously closed at GBX 0.93 ($0.01).

Greencoat Renewables Stock Performance

The stock’s 50-day simple moving average is GBX 0.93 and its 200 day simple moving average is GBX 0.90. 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 company has a market capitalization of £10.94 million, a PE ratio of 7.38 and a beta of 0.03.

Greencoat Renewables Announces Dividend

The business also recently announced a dividend, which was paid on Friday, August 23rd. Investors of record on Thursday, August 1st were given a €0.02 ($0.02) dividend. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, August 1st. Greencoat Renewables’s dividend payout ratio (DPR) is 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.