(VIANEWS) – The Market ended the session with SCATEC (SCATC.OL) jumping 10.83% to kr86.95 on Thursday, following the last session’s downward trend. Oslo Børs Benchmark Index_GI rose 0.31% to kr1,428.10, after two sequential sessions in a row of losses, on what was a somewhat positive trend trading session today.
SCATEC’s last close was kr78.45, 8.25% below its 52-week high of kr85.50.
About SCATEC
Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions. The company is also involved in the engineering, procurement, and construction, as well as operation, maintenance, and asset management of power plants. It has a total of 4.2 GW in operation and under construction. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, SCATEC has a trailing twelve months EPS of kr4.24.
PE Ratio
SCATEC has a trailing twelve months price to earnings ratio of 20.51. Meaning, the purchaser of the share is investing kr20.51 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 11.65%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 36.8% and positive 528.6% for the next.
Sales Growth
SCATEC’s sales growth is negative 0.8% for the ongoing quarter and 111% for the next.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Apr 19, 2023, the estimated forward annual dividend rate is 1.94 and the estimated forward annual dividend yield is 2.78%.
Moving Average
SCATEC’s worth is way higher than its 50-day moving average of kr72.99 and way higher than its 200-day moving average of kr70.16.
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