The Renewables Infrastructure Group (LON:TRIG) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• The Renewables Infrastructure Group's stock fell below its 50-day moving average during trading, with shares last trading at GBX 85.02 ($1.12).
• The company's market capitalization is approximately £2.06 billion, and it has a negative price-to-earnings ratio of -55.32.
• TRIG focuses on generating sustainable returns from a diversified portfolio of renewables infrastructure, primarily in operational wind farms, solar parks, and battery storage projects across the UK and Europe.

The Renewables Infrastructure Group Limited (LON:TRIG - ) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 85.57 ($1.13) and traded as low as GBX 84.50 ($1.12). The Renewables Infrastructure Group shares last traded at GBX 85.02 ($1.12), with a volume of 3,077,608 shares changing hands.

The Renewables Infrastructure Group Stock Performance

The company has a market cap of £2.06 billion, a price-to-earnings ratio of -55.32 and a beta of 0.22. The company has a 50-day simple moving average of GBX 85.57 and a 200-day simple moving average of GBX 79.92.

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.

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