Renew (LON:RNWH) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,061.21 ($13.28) and traded as low as GBX 863 ($10.80). Renew shares last traded at GBX 905.42 ($11.33), with a volume of 102,908 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Renew in a research note on Friday, October 4th.

Renew Price Performance

The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81. The business’s 50-day moving average price is GBX 1,021.34 and its two-hundred day moving average price is GBX 1,060.06. The firm has a market cap of £729.67 million, a price-to-earnings ratio of 1,487.10 and a beta of 1.06.

Renew Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be issued a dividend of GBX 12.67 ($0.16) per share. This is a positive change from Renew’s previous dividend of $6.33. This represents a yield of 1.17%. The ex-dividend date is Thursday, February 6th. Renew’s dividend payout ratio (DPR) is currently 2,903.23%.

About Renew