The Renewables Infrastructure Group (LON:TRIG) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of The Renewables Infrastructure Group Limited (LON:TRIG) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 75.09 ($0.96) and traded as low as GBX 71.54 ($0.91). The Renewables Infrastructure Group shares last traded at GBX 72.60 ($0.92), with a volume of 7,529,912 shares traded.

The Renewables Infrastructure Group Trading Up 5.5 %

The firm’s 50-day moving average is GBX 75.09 and its two-hundred day moving average is GBX 86.03. The stock has a market cap of £1.88 billion, a price-to-earnings ratio of -50.49 and a beta of 0.22.

Insider Transactions at The Renewables Infrastructure Group

In other The Renewables Infrastructure Group news, insider Erna-Maria Trixl bought 13,650 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of GBX 73 ($0.93) per share, with a total value of £9,964.50 ($12,683.94). Corporate insiders own 0.08% of the company’s stock.

The Renewables Infrastructure Group Company Profile

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.