Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 52-Week Low – Here’s Why

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 56.60 and last traded at GBX 57.90, with a volume of 3403621 shares traded. The stock had previously closed at GBX 56.80.

Octopus Renewables Infrastructure Trust Price Performance

The stock has a market cap of £305.47 million, a price-to-earnings ratio of -81.55 and a beta of 0.15. The business’s fifty day simple moving average is GBX 63.52 and its 200 day simple moving average is GBX 68.85.

Octopus Renewables Infrastructure Trust (LON:ORIT) last released its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 3.61 EPS for the quarter. Octopus Renewables Infrastructure Trust had a net margin of 62.83% and a return on equity of 3.10%.

Octopus Renewables Infrastructure Trust Company Profile

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.