Drax Group plc (LON:DRX – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.
Drax Group Price Performance
The company’s fifty day moving average price is GBX 634.11 and its two-hundred day moving average price is GBX 638.11. The company has a quick ratio of 0.32, a current ratio of 1.26 and a debt-to-equity ratio of 63.77. The company has a market cap of £2.42 billion, a price-to-earnings ratio of 382.53, a PEG ratio of 0.10 and a beta of 1.22.
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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