The Renewables Infrastructure Group (LON:TRIG) Sets New 1-Year Low - Here's Why

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 72.40 ($0.91) and last traded at GBX 73.70 ($0.93), with a volume of 6282625 shares changing hands. The stock had previously closed at GBX 73.60 ($0.93).

The Renewables Infrastructure Group Stock Performance

The company has a market capitalization of £1.85 billion, a price-to-earnings ratio of -49.77 and a beta of 0.22. The stock's 50-day moving average price is GBX 80.42 and its 200-day moving average price is GBX 91.48.

Insider Buying and Selling at The Renewables Infrastructure Group

In related news, insider Richard Morse acquired 48,365 shares of The Renewables Infrastructure Group stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of GBX 83 ($1.05) per share, for a total transaction of £40,142.95 ($50,596.11). 0.08% of the stock is owned by corporate insiders.

The Renewables Infrastructure Group Company Profile

TRIG is an investment company whose purpose is to generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a net zero carbon future. TRIG's diversified portfolio predominantly consists of operational wind farms, solar parks and battery storage projects in the UK and Europe.