The Renewables Infrastructure Group (LON:TRIG) Reaches New 52-Week Low – Should You Sell?

The Renewables Infrastructure Group Limited (LON:TRIG) hit a new 52-week low during mid-day trading on Tuesday . The stock 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 Trading Up 0.2 %

The stock has a 50 day moving average of GBX 88.63 and a 200-day moving average of GBX 96.39. The stock has a market capitalization of £2.04 billion, a P/E ratio of -8,227.50 and a beta of 0.22.

The Renewables Infrastructure Group Announces Dividend

The company also recently disclosed 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%.

Insiders Place Their Bets

In other news, insider Richard Morse purchased 48,365 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of GBX 83 ($1.02) per share, with a total value of £40,142.95 ($49,122.55). Company insiders own 0.08% of the company’s stock.

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.