Octopus Renewables Infrastructure Trust (LON:ORIT) Reaches New 1-Year Low – Should You Sell?

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 62.80 ($0.77) and last traded at GBX 64.10 ($0.79), with a volume of 1077789 shares. The stock had previously closed at GBX 63.30 ($0.78).

Octopus Renewables Infrastructure Trust Trading Up 1.3 %

The business has a fifty day moving average price of GBX 68.47 and a 200 day moving average price of GBX 74.06. The firm has a market cap of £360.19 million, a PE ratio of 2,136.67 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust’s dividend payout ratio is currently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

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.