Downing Renewables & Infrastructure (LON:DORE) Stock Price Up 3.4% – Time to Buy?

Downing Renewables & Infrastructure (LON:DORE) shares traded up 3.4% on Wednesday . The stock traded as high as GBX 79.60 ($1.00) and last traded at GBX 79.60 ($1.00). 69,396 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 316,174 shares. The stock had previously closed at GBX 77 ($0.97).

Downing Renewables & Infrastructure Price Performance

The company has a market capitalization of £145.59 million and a PE ratio of 1,326.67. The company’s fifty day moving average is GBX 81.95 and its 200-day moving average is GBX 79.89.

Downing Renewables & Infrastructure Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 28th will be issued a GBX 1.45 ($0.02) dividend. This represents a yield of 1.77%. The ex-dividend date is Thursday, November 28th. Downing Renewables & Infrastructure’s dividend payout ratio is currently 8,333.33%.

About Downing Renewables & Infrastructure

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.