The Renewables Infrastructure Group (LON:TRIG) Hits New 52-Week Low – What’s Next?

The Renewables Infrastructure Group Limited (LON:TRIG) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 79.45 ($0.97) and last traded at GBX 79.90 ($0.97), with a volume of 2800972 shares. The stock had previously closed at GBX 81 ($0.99).

The Renewables Infrastructure Group Stock Performance

The business’s 50 day moving average is GBX 87.31 and its two-hundred day moving average is GBX 95.93. The firm has a market capitalization of £1.97 billion, a PE ratio of -7,955.70 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Buying and Selling

In other news, insider Richard Morse purchased 48,365 shares of the business’s stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of GBX 83 ($1.01) per share, with a total value of £40,142.95 ($48,823.83). 0.08% of the stock is currently owned by insiders.

The Renewables Infrastructure Group Company Profile

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.