Octopus Renewables Infrastructure Trust (LON:ORIT) Reaches New 1-Year Low – Should You Sell?

Octopus Renewables Infrastructure Trust plc (LON:ORIT) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 63 ($0.77) and last traded at GBX 64 ($0.78), with a volume of 1155964 shares changing hands. The stock had previously closed at GBX 63.50 ($0.78).

Octopus Renewables Infrastructure Trust Price Performance

The company’s 50 day simple moving average is GBX 68.92 and its two-hundred day simple moving average is GBX 74.18. The company has a market cap of £364.69 million, a PE ratio of 2,163.33 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is presently 20,000.00%.

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.