The Renewables Infrastructure Group (LON:TRIG) Sets New 1-Year Low – Time to Sell?

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 78.66 ($0.98) and last traded at GBX 79.10 ($0.98), with a volume of 4321527 shares changing hands. The stock had previously closed at GBX 79.60 ($0.99).

The Renewables Infrastructure Group Stock Performance

The company has a market capitalization of £1.93 billion, a price-to-earnings ratio of -7,790.00 and a beta of 0.22. The firm has a fifty day moving average price of GBX 85.55 and a 200-day moving average price of GBX 95.12.

The Renewables Infrastructure Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 14th were given a dividend of GBX 1.87 ($0.02) per share. 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 is currently -70,000.00%.

Insider Buying and Selling at The Renewables Infrastructure Group

In other news, insider Richard Morse purchased 48,365 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of GBX 83 ($1.03) per share, with a total value of £40,142.95 ($49,947.68). 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.