The Renewables Infrastructure Group (LON:TRIG) Sets New 1-Year Low – Here’s What Happened

The Renewables Infrastructure Group Limited (LON:TRIG) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 79.60 ($0.97) and last traded at GBX 82.10 ($1.00), with a volume of 5319582 shares traded. The stock had previously closed at GBX 80.30 ($0.98).

The Renewables Infrastructure Group Stock Performance

The stock has a market capitalization of £2.05 billion, a P/E ratio of -8,260.00 and a beta of 0.22. The stock has a 50 day moving average of GBX 87.79 and a 200 day moving average of GBX 96.10.

The Renewables Infrastructure Group Dividend Announcement

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

Insider Buying and Selling

In other The Renewables Infrastructure Group news, insider Richard Morse purchased 48,365 shares of The Renewables Infrastructure Group stock in a transaction 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 ($49,134.58). 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.