Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 0.5% - Here's What Happened

Key Points

• Octopus Renewables Infrastructure Trust's shares fell by 0.5%, trading at GBX 61.70 ($0.82) with a trading volume increase of 18% from the average.
• The company reported GBX 3.61 EPS for the quarter ending September 23rd, with a net margin of 62.83% and return on equity of 3.10%.
• Octopus Renewables aims to support the transition to net zero by investing in a diversified portfolio of renewable energy assets across Europe, the UK, and Australia.

Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report)'s share price fell 0.5% on Tuesday . The company traded as low as GBX 61.70 ($0.82) and last traded at GBX 61.70 ($0.82). 1,499,679 shares traded hands during trading, an increase of 18% from the average session volume of 1,274,531 shares. The stock had previously closed at GBX 62 ($0.83).

Octopus Renewables Infrastructure Trust Stock Down 0.5%

The company has a market capitalization of £328.18 million, a PE ratio of -8,690.14 and a beta of 0.15. The stock's fifty day moving average price is GBX 66.59 and its two-hundred day moving average price is GBX 69.23.

Octopus Renewables Infrastructure Trust (LON:ORIT - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 3.61 earnings per share (EPS) for the quarter. Octopus Renewables Infrastructure Trust had a net margin of 62.83% and a return on equity of 3.10%.

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.

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