Renishaw (LON:RSW) Reaches New 52-Week Low – Here’s What Happened

Renishaw plc (LON:RSW)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 3,065 ($38.84) and last traded at GBX 3,148.76 ($39.90), with a volume of 2223 shares. The stock had previously closed at GBX 3,130 ($39.66).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut their target price on Renishaw from GBX 4,500 ($57.02) to GBX 4,000 ($50.68) and set a “hold” rating on the stock in a research report on Friday, September 13th.

Renishaw Trading Up 0.8 %

The company’s 50 day moving average price is GBX 3,337.07 and its two-hundred day moving average price is GBX 3,558.84. The firm has a market cap of £2.31 billion, a PE ratio of 2,368.42, a P/E/G ratio of 3.73 and a beta of 0.63. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05.

Renishaw Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a GBX 59.40 ($0.75) dividend. This is a positive change from Renishaw’s previous dividend of $16.80. This represents a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 31st. Renishaw’s dividend payout ratio is 5,714.29%.

Insider Buying and Selling at Renishaw

In other news, insider William Lee sold 4,134 shares of Renishaw stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 3,325 ($42.13), for a total transaction of £137,455.50 ($174,170.68). Company insiders own 53.31% of the company’s stock.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.