Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Down 1.2% - Here's What Happened

Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report)'s share price was down 1.2% during mid-day trading on Wednesday . The company traded as low as GBX 71.70 ($0.97) and last traded at GBX 71.70 ($0.97). Approximately 2,702,726 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 1,268,961 shares. The stock had previously closed at GBX 72.60 ($0.98).

Octopus Renewables Infrastructure Trust Price Performance

The stock has a 50-day simple moving average of GBX 67.46 and a 200-day simple moving average of GBX 67.27. The stock has a market cap of £394.26 million, a P/E ratio of 21.72 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 ($0.09) 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%.

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.