Drax Group plc (LON:DRX – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 638.11 ($7.92) and traded as high as GBX 670 ($8.31). Drax Group shares last traded at GBX 635 ($7.88), with a volume of 1,410,864 shares.
Drax Group Trading Up 2.3 %
The stock has a market cap of £2.42 billion, a price-to-earnings ratio of 382.53, a P/E/G ratio of 0.10 and a beta of 1.22. The company has a current ratio of 1.26, a quick ratio of 0.32 and a debt-to-equity ratio of 63.77. The company has a fifty day simple moving average of GBX 634.11 and a 200-day simple moving average of GBX 638.11.
About Drax Group
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.
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