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

Octopus Renewables Infrastructure Trust plc (LON:ORIT) hit a new 52-week low on Thursday . The stock traded as low as GBX 62.43 ($0.81) and last traded at GBX 65.60 ($0.85), with a volume of 4124456 shares. The stock had previously closed at GBX 63.50 ($0.82).

Octopus Renewables Infrastructure Trust Stock Down 1.1 %

The firm has a market cap of £351.50 million, a PE ratio of 19.37 and a beta of 0.15. The business has a 50 day simple moving average of GBX 65.37 and a two-hundred day simple moving average of GBX 70.52.

Octopus Renewables Infrastructure Trust (LON:ORIT) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 6.55 ($0.08) earnings per share for the quarter. Octopus Renewables Infrastructure Trust had a net margin of 62.83% and a return on equity of 3.10%.

About Octopus Renewables Infrastructure Trust

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.