Octopus Renewables Infrastructure Trust (LON:ORIT) Announces Quarterly Earnings Results

Octopus Renewables Infrastructure Trust (LON:ORIT) released its quarterly earnings results on Thursday. The company reported GBX 6.55 ($0.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Octopus Renewables Infrastructure Trust had a net margin of 62.83% and a return on equity of 3.10%.

Octopus Renewables Infrastructure Trust Stock Performance

ORIT stock traded down GBX 0.40 ($0.01) on Thursday, hitting GBX 63.10 ($0.81). 3,966,489 shares of the company’s stock were exchanged, compared to its average volume of 1,177,475. The firm has a 50 day moving average price of GBX 65.40 and a two-hundred day moving average price of GBX 70.73. Octopus Renewables Infrastructure Trust has a 12-month low of GBX 62.43 ($0.80) and a 12-month high of GBX 80.76 ($1.04). The stock has a market cap of £350.39 million, a P/E ratio of 19.31 and a beta of 0.15.

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.