The Renewables Infrastructure Group (LON:TRIG) Shares Cross Above 50 Day Moving Average – What’s Next?

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 76.46 ($1.02) and traded as high as GBX 78.40 ($1.04). The Renewables Infrastructure Group shares last traded at GBX 76.50 ($1.02), with a volume of 3,898,253 shares.

The Renewables Infrastructure Group Price Performance

The firm has a market capitalization of £1.88 billion, a P/E ratio of -50.59 and a beta of 0.22. The business has a 50 day moving average price of GBX 76.46 and a 200 day moving average price of GBX 81.53.

The Renewables Infrastructure Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were given a GBX 0.55 ($0.01) dividend. This represents a yield of 2.08%. The ex-dividend date was Thursday, April 10th. The Renewables Infrastructure Group’s dividend payout ratio is currently -461.42%.

Insider Transactions at The Renewables Infrastructure Group

In other news, insider Erna-Maria Trixl purchased 13,650 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of GBX 73 ($0.97) per share, with a total value of £9,964.50 ($13,261.25). Corporate 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.