The Renewables Infrastructure Group (LON:TRIG) Hits New 12-Month Low – What’s Next?

The Renewables Infrastructure Group Limited (LON:TRIG) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 82 ($1.02) and last traded at GBX 82.60 ($1.03), with a volume of 6063874 shares changing hands. The stock had previously closed at GBX 84 ($1.05).

The Renewables Infrastructure Group Stock Performance

The firm’s 50 day moving average is GBX 89.54 and its 200-day moving average is GBX 96.71. The company has a market cap of £2.03 billion, a PE ratio of -8,182.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 14th were issued a GBX 1.87 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.98%. The Renewables Infrastructure Group’s dividend payout ratio (DPR) is presently -70,000.00%.

Insider Transactions at The Renewables Infrastructure Group

In other The Renewables Infrastructure Group news, insider Richard Morse acquired 48,365 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of GBX 83 ($1.04) per share, for a total transaction of £40,142.95 ($50,078.53). Company insiders own 0.08% of the company’s stock.

About The Renewables Infrastructure Group

TRIG is an investment company whose purpose is to generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a net zero carbon future.

TRIG’s diversified portfolio predominantly consists of operational wind farms, solar parks and battery storage projects in the UK and Europe.