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 615.25 ($7.74) and traded as high as GBX 642 ($8.08). Drax Group shares last traded at GBX 630 ($7.93), with a volume of 235,161 shares.
Drax Group Stock Performance
The business has a 50-day moving average of GBX 644.40 and a 200 day moving average of GBX 617.05. The company has a debt-to-equity ratio of 63.77, a current ratio of 1.26 and a quick ratio of 0.32. The company has a market cap of £2.40 billion, a PE ratio of 379.52, 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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