The Renewables Infrastructure Group (LON:TRIG) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• TRIG passed below its 200-day moving average, with the 200‑day MA at GBX 70.73, the stock trading as low as GBX 64 and last at GBX 66.22 on volume of 19,908,832 shares.
• Insider buying has increased recently: Tove Feld bought 22,000 shares at GBX 67 and John Whittle bought 40,000 at GBX 69, with insiders acquiring 68,000 shares (reported as $4.63m) in the past three months while owning 0.03% of the company.
• Company profile and valuation: TRIG is a FTSE 250 renewable-infrastructure investment company with a market cap of £1.58bn, a P/E of -12.26 and a diversified portfolio of onshore/offshore wind, solar and battery projects targeting capital growth and income.

The Renewables Infrastructure Group Limited (LON:TRIG - ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 70.73 and traded as low as GBX 64. The Renewables Infrastructure Group shares last traded at GBX 66.22, with a volume of 19,908,832 shares.

The Renewables Infrastructure Group Trading Up 0.3%

The company has a 50 day simple moving average of GBX 67.04 and a two-hundred day simple moving average of GBX 70.73. The firm has a market capitalization of £1.58 billion, a P/E ratio of -12.26 and a beta of 0.35.

Insider Buying and Selling at The Renewables Infrastructure Group

In related news, insider Tove Feld purchased 22,000 shares of The Renewables Infrastructure Group stock in a transaction on Friday, February 27th. The shares were bought at an average cost of GBX 67 per share, for a total transaction of £14,740. Also, insider John Whittle purchased 40,000 shares of the firm's stock in a transaction on Monday, January 5th. The stock was bought at an average price of GBX 69 per share, for a total transaction of £27,600. Insiders bought 68,000 shares of company stock worth $4,630,000 in the last three months. Insiders own 0.03% of the company's stock.

The Renewables Infrastructure Group Company Profile

TRIG was one of the first investment companies investing in renewable energy infrastructure projects listed on the London Stock Exchange. TRIG completed its IPO in 2013 raising £300m and is a member of the FTSE250 index. The Company develops, constructs and operates a portfolio of renewable energy infrastructure that creates value for its shareholders and generates secure, clean electricity that benefits both society and the environment. The Company's diversified portfolio includes onshore and offshore wind farms, solar parks and battery storage projects in the UK and mainland Europe. TRIG's strategy is focused on delivering capital growth and attractive, income-based returns supported by strong cash generation and a positive link to inflation.

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