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

Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 62.43 ($0.81) and last traded at GBX 65.60 ($0.85), with a volume of 4124456 shares. The stock had previously closed at GBX 63.50 ($0.82).

Octopus Renewables Infrastructure Trust Stock Performance

The business has a 50-day simple moving average of GBX 65.37 and a two-hundred day simple moving average of GBX 70.52. The company has a market capitalization of £355.39 million, a price-to-earnings ratio of 19.58 and a beta of 0.15.

Octopus Renewables Infrastructure Trust (LON:ORIT - Get Free Report) last released 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.