Greencoat Renewables (LON:GRP) Hits New 12-Month Low – Time to Sell?

Greencoat Renewables (LON:GRP) hit a new 52-week low on Thursday . The stock 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 Price Performance

The stock has a 50 day moving average of GBX 0.87 and a 200-day moving average of GBX 0.89. The company has a current ratio of 0.25, a quick ratio of 15.30 and a debt-to-equity ratio of 65.97. The stock has a market capitalization of £9.13 million, a P/E ratio of 6.16 and a beta of 0.03.

Greencoat Renewables Announces Dividend

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