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The Renewables Infrastructure Group (LON:TRIG) Share Price Passes Below Fifty Day Moving Average - Here's Why

The Renewables Infrastructure Group logo with Financial Services background
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The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 83.18 ($1.05) and traded as low as GBX 78.60 ($0.99). The Renewables Infrastructure Group shares last traded at GBX 79.10 ($1.00), with a volume of 5,506,085 shares trading hands.

The Renewables Infrastructure Group Stock Down 0.8 %

The stock has a market capitalization of £1.87 billion, a price-to-earnings ratio of -50.16 and a beta of 0.22. The company's fifty day simple moving average is GBX 82.49 and its 200 day simple moving average is GBX 93.18.

Insider Buying and Selling at The Renewables Infrastructure Group

In other The Renewables Infrastructure Group news, insider Richard Morse purchased 48,365 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 83 ($1.04) per share, for a total transaction of £40,142.95 ($50,526.05). Corporate insiders own 0.08% of the company's stock.

About The Renewables Infrastructure Group

(Get Free Report)

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.

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