Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Up 0.2% – Time to Buy?

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price was up 0.2% during trading on Tuesday . The company traded as high as GBX 59.80 and last traded at GBX 59.50. Approximately 688,846 shares were traded during trading, a decline of 48% from the average daily volume of 1,337,119 shares. The stock had previously closed at GBX 59.40.

Octopus Renewables Infrastructure Trust Trading Up 0.2%

The company has a market cap of £313.91 million, a price-to-earnings ratio of -83.80 and a beta of 0.15. The company’s 50 day moving average price is GBX 59.32 and its 200 day moving average price is GBX 66.36.

Octopus Renewables Infrastructure Trust (LON:ORIT) last issued its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 3.61 earnings per share (EPS) for the quarter. Octopus Renewables Infrastructure Trust had a net margin of 62.83% and a return on equity of 3.10%.

About Octopus Renewables Infrastructure Trust

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.