Octopus Renewables Infrastructure Trust (LON:ORIT) Reaches New 52-Week Low – Should You Sell?

Octopus Renewables Infrastructure Trust plc (LON:ORIT) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 63 ($0.79) and last traded at GBX 66.20 ($0.83), with a volume of 1169716 shares changing hands. The stock had previously closed at GBX 63.90 ($0.80).

Octopus Renewables Infrastructure Trust Trading Up 3.6 %

The company has a market capitalization of £371.99 million, a P/E ratio of 2,206.67 and a beta of 0.15. The stock has a 50 day moving average price of GBX 73.45 and a 200 day moving average price of GBX 75.01.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently disclosed 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 of this dividend was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust’s payout ratio is 20,000.00%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2022, it owned a portfolio of 36 renewable energy assets covering the operational capacity of 662 MW.