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

Octopus Renewables Infrastructure Trust plc (LON:ORITGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 52.60 and last traded at GBX 52.60, with a volume of 4253567 shares traded. The stock had previously closed at GBX 54.

Octopus Renewables Infrastructure Trust Price Performance

The firm has a market cap of £277.51 million, a price-to-earnings ratio of -74.08 and a beta of 0.15. The business’s 50-day moving average price is GBX 57.67 and its two-hundred day moving average price is GBX 60.99.

About Octopus Renewables Infrastructure Trust

(Get Free Report)

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.

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