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

Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 63 ($0.77) and last traded at GBX 64 ($0.78), with a volume of 1155964 shares. The stock had previously closed at GBX 63.50 ($0.78).

Octopus Renewables Infrastructure Trust Price Performance

The company's fifty day moving average price is GBX 69.38 and its 200 day moving average price is GBX 74.28. The company has a market cap of £359.63 million, a PE ratio of 2,133.33 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. Investors of record on Thursday, November 14th were issued a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 14th. Octopus Renewables Infrastructure Trust's dividend payout ratio (DPR) 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.