The Renewables Infrastructure Group (LON:TRIG) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of The Renewables Infrastructure Group Limited (LON:TRIGGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 70.17 and traded as low as GBX 67.90. The Renewables Infrastructure Group shares last traded at GBX 68.20, with a volume of 4,578,804 shares.

The Renewables Infrastructure Group Stock Performance

The firm has a market capitalization of £1.63 billion, a PE ratio of -7.75 and a beta of 0.22. The stock’s 50-day simple moving average is GBX 70.17 and its 200-day simple moving average is GBX 75.82.

Insider Activity

In related news, insider John Whittle purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of GBX 69 per share, with a total value of £27,600. 0.03% of the stock is owned by corporate insiders.

The Renewables Infrastructure Group Company Profile

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