Good Energy Group (LON:GOOD) Stock Price Up 0.7% – What’s Next?

Good Energy Group PLC (LON:GOOD) shares shot up 0.7% during trading on Thursday . The stock traded as high as GBX 384.30 ($4.87) and last traded at GBX 382.50 ($4.85). 18,261 shares were traded during mid-day trading, a decline of 57% from the average session volume of 42,055 shares. The stock had previously closed at GBX 380 ($4.82).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 500 ($6.34) price target on shares of Good Energy Group in a report on Tuesday, September 17th.

Good Energy Group Price Performance

The stock has a fifty day moving average of GBX 328.12 and a 200-day moving average of GBX 284.50. The firm has a market capitalization of £69.77 million, a P/E ratio of -980.77 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 12.57.

Good Energy Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 26th. Good Energy Group’s dividend payout ratio is presently -769.23%.

About Good Energy Group

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services.