Downing Renewables & Infrastructure (LON:DORE) Trading Down 1.1% - Here's Why

Downing Renewables & Infrastructure (LON:DORE - Get Free Report) was down 1.1% during mid-day trading on Thursday . The stock traded as low as GBX 83.50 ($1.08) and last traded at GBX 83.50 ($1.08). Approximately 113,084 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 334,423 shares. The stock had previously closed at GBX 84.40 ($1.10).

Downing Renewables & Infrastructure Trading Up 0.2 %

The business has a fifty day moving average of GBX 81.09 and a 200-day moving average of GBX 78.42. The company has a market cap of £153.91 million and a PE ratio of 1,383.33.

Downing Renewables & Infrastructure Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 29th were paid a GBX 1.45 ($0.02) dividend. This represents a yield of 1.87%. The ex-dividend date was Thursday, August 29th. Downing Renewables & Infrastructure's payout ratio is currently 8,333.33%.

Insiders Place Their Bets

In other news, insider Ashley Paxton purchased 30,000 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of GBX 78 ($1.01) per share, for a total transaction of £23,400 ($30,381.72). 25.82% of the stock is currently owned by company insiders.

Downing Renewables & Infrastructure Company Profile

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.