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

Octopus Renewables Infrastructure Trust plc (LON:ORIT) shares reached a new 52-week low on Thursday . The company traded as low as GBX 62.43 ($0.80) and last traded at GBX 65.60 ($0.84), with a volume of 4124456 shares trading hands. The stock had previously closed at GBX 63.50 ($0.82).

Octopus Renewables Infrastructure Trust Stock Performance

The company has a market cap of £364.27 million, a P/E ratio of 20.07 and a beta of 0.15. The firm’s fifty day moving average is GBX 65.40 and its two-hundred day moving average is GBX 70.73.

Octopus Renewables Infrastructure Trust (LON:ORIT) last issued its earnings results on Thursday, March 27th. The company reported GBX 6.55 ($0.08) earnings per share (EPS) for the quarter. Octopus Renewables Infrastructure Trust had a return on equity of 3.10% and a net margin of 62.83%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.