The Renewables Infrastructure Group (LON:TRIG) Hits New 52-Week Low – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 79.45 ($0.98) and last traded at GBX 79.90 ($0.99), with a volume of 2800972 shares traded. The stock had previously closed at GBX 81 ($1.00).

The Renewables Infrastructure Group Stock Up 1.1 %

The company’s 50-day moving average is GBX 86.76 and its two-hundred day moving average is GBX 95.72. The company has a market capitalization of £2.03 billion, a P/E ratio of -8,193.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Buying and Selling

In other news, insider Richard Morse bought 48,365 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of GBX 83 ($1.02) per share, for a total transaction of £40,142.95 ($49,491.99). 0.08% of the stock is owned by company insiders.

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.