Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 2.5% – Here’s What Happened

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price was down 2.5% on Thursday . The stock traded as low as GBX 55.30 and last traded at GBX 55.30. Approximately 2,166,601 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 1,898,267 shares. The stock had previously closed at GBX 56.70.

Octopus Renewables Infrastructure Trust Trading Down 2.5%

The stock’s 50-day simple moving average is GBX 58.50 and its 200-day simple moving average is GBX 63.13. The stock has a market cap of £291.75 million, a price-to-earnings ratio of -77.89 and a beta of 0.15.

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.