Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 12-Month Low – Time to Sell?

Octopus Renewables Infrastructure Trust plc (LON:ORITGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 58.70 ($0.75) and last traded at GBX 61.27 ($0.78), with a volume of 1792992 shares. The stock had previously closed at GBX 61.60 ($0.79).

Octopus Renewables Infrastructure Trust Trading Down 1.1 %

The stock has a market cap of £350.95 million, a P/E ratio of 19.34 and a beta of 0.15. The stock has a 50 day simple moving average of GBX 64.97 and a 200 day simple moving average of GBX 69.37.

Octopus Renewables Infrastructure Trust (LON:ORITGet Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 6.55 ($0.08) EPS for the quarter. Octopus Renewables Infrastructure Trust had a return on equity of 3.10% and a net margin of 62.83%.

Octopus Renewables Infrastructure Trust Company Profile

(Get Free Report)

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.

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