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

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

The Renewables Infrastructure Group Price Performance

The company’s 50-day simple moving average is GBX 86.07 and its 200-day simple moving average is GBX 95.40. The stock has a market capitalization of £1.97 billion, a P/E ratio of -7,930.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Buying and Selling

In related news, insider Richard Morse acquired 48,365 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of GBX 83 ($1.03) per share, with a total value of £40,142.95 ($50,028.60). 0.08% of the stock is currently owned by corporate 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.