Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Up 3.8% - Here's What Happened

Key Points

• Shares of Octopus Renewables Infrastructure Trust were up 3.8% mid-day, trading as high as GBX 61.50 and last at GBX 60.50, with volume of about 3.36 million shares—up 65% versus the average daily volume.
• The trust has a market cap of £319.18 million but shows weak profitability, with a P/E of -14.30, a negative net margin of 119.99%, negative return on equity of 4.43%, and last quarterly EPS of GBX 6.92.
• Octopus Renewables Infrastructure Trust is an impact fund that invests in a diversified portfolio of renewable energy assets across Europe, the UK and Australia, targeting sustainable income and some capital growth.

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report) were up 3.8% during mid-day trading on Tuesday . The stock traded as high as GBX 61.50 and last traded at GBX 60.50. Approximately 3,360,329 shares were traded during trading, an increase of 65% from the average daily volume of 2,033,506 shares. The stock had previously closed at GBX 58.30.

Octopus Renewables Infrastructure Trust Trading Up 3.8%

The company's 50-day moving average price is GBX 55.78 and its two-hundred day moving average price is GBX 58.11. The company has a market cap of £319.18 million, a P/E ratio of -14.30 and a beta of 0.22.

Octopus Renewables Infrastructure Trust (LON:ORIT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 6.92 earnings per share for the quarter. Octopus Renewables Infrastructure Trust had a negative net margin of 119.99% and a negative return on equity of 4.43%.

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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