Renew (LON:RNWH) Sets New 52-Week Low – Here’s Why

Renew Holdings plc (LON:RNWHGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as GBX 687 ($8.67) and last traded at GBX 699 ($8.82), with a volume of 254175 shares. The stock had previously closed at GBX 697 ($8.79).

Renew Price Performance

The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The firm has a market cap of £562.71 million, a PE ratio of 11.69 and a beta of 1.06. The stock has a 50 day moving average price of GBX 856.75 and a two-hundred day moving average price of GBX 999.13.

Renew (LON:RNWHGet Free Report) last released its earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.83) earnings per share for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be paid a GBX 12.67 ($0.16) dividend. This is a positive change from Renew’s previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.17%. Renew’s dividend payout ratio (DPR) is 30.10%.

Insiders Place Their Bets

In related news, insider Shatish D. Dasani purchased 3,000 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of GBX 712 ($8.98) per share, with a total value of £21,360 ($26,945.88). Also, insider Elizabeth Barber acquired 2,830 shares of Renew stock in a transaction on Monday, January 27th. The shares were bought at an average price of GBX 709 ($8.94) per share, with a total value of £20,064.70 ($25,311.85). 2.17% of the stock is currently owned by insiders.

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