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

The Renewables Infrastructure Group logo with Financial Services background

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.
  • Looking to export and analyze The Renewables Infrastructure Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 85.57 ($1.14) and traded as low as GBX 84.50 ($1.12). The Renewables Infrastructure Group shares last traded at GBX 85.02 ($1.13), with a volume of 3,077,608 shares traded.

The Renewables Infrastructure Group Trading Down 0.3%

The company has a market capitalization of £2.04 billion, a P/E ratio of -54.74 and a beta of 0.22. The business's fifty day moving average price is GBX 85.79 and its 200-day moving average price is GBX 79.90.

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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