Renew (LON:RNWH) Sets New 52-Week Low – What’s Next?

Renew Holdings plc (LON:RNWH)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 631 ($8.13) and last traded at GBX 645 ($8.31), with a volume of 205822 shares traded. The stock had previously closed at GBX 651 ($8.39).

Renew Stock 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 company has a 50 day moving average of GBX 785.31 and a 200 day moving average of GBX 964.28. The firm has a market cap of £522.56 million, a price-to-earnings ratio of 10.86 and a beta of 1.06.

Renew Increases Dividend

The firm also recently declared 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 boost from Renew’s previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.17%. Renew’s payout ratio is 30.10%.

Insider Buying and Selling

In other Renew news, insider Elizabeth Barber purchased 2,830 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of GBX 709 ($9.14) per share, for a total transaction of £20,064.70 ($25,856.57). Also, insider Shatish D. Dasani acquired 3,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of GBX 712 ($9.18) per share, with a total value of £21,360 ($27,525.77). Insiders own 2.17% of the company’s stock.

About Renew