Octopus Renewables Infrastructure Trust (LON:ORIT – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 2.79 earnings per share for the quarter, Digital Look Earnings reports. Octopus Renewables Infrastructure Trust had a negative net margin of 119.99% and a negative return on equity of 4.43%.
Octopus Renewables Infrastructure Trust Stock Performance
LON ORIT opened at GBX 60.50 on Tuesday. The company has a market capitalization of £319.18 million, a price-to-earnings ratio of -14.30 and a beta of 0.23. Octopus Renewables Infrastructure Trust has a 1-year low of GBX 52.60 and a 1-year high of GBX 67.29. The stock’s 50 day moving average is GBX 61.68 and its two-hundred day moving average is GBX 60.75.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Octopus Renewables Infrastructure Trust in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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.
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