The Renewables Infrastructure Group (LON:TRIG) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 74.87 ($0.99) and traded as high as GBX 78.80 ($1.04). The Renewables Infrastructure Group shares last traded at GBX 78 ($1.03), with a volume of 4,532,816 shares traded.

The Renewables Infrastructure Group Stock Performance

The stock has a market cap of £1.91 billion, a PE ratio of -51.42 and a beta of 0.22. The stock has a fifty day moving average price of GBX 74.87 and a 200 day moving average price of GBX 84.74.

The Renewables Infrastructure Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 0.55 ($0.01) per share. This represents a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, April 10th. The Renewables Infrastructure Group’s dividend payout ratio is presently -461.42%.

Insider Buying and Selling

In other news, insider Erna-Maria Trixl acquired 13,650 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of GBX 73 ($0.97) per share, with a total value of £9,964.50 ($13,187.53). Insiders own 0.08% of the company’s stock.

About The Renewables Infrastructure Group

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.