Renew (LON:RNWH) Hits New 52-Week Low – Here’s What Happened

Renew Holdings plc (LON:RNWH) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 711 ($8.88) and last traded at GBX 716.20 ($8.94), with a volume of 1609777 shares. The stock had previously closed at GBX 909 ($11.35).

Analysts Set New Price Targets

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

Renew Stock Performance

The company’s fifty day moving average price is GBX 959.74 and its 200 day moving average price is GBX 1,039.01. The company has a market cap of £561.89 million, a PE ratio of 1,145.16 and a beta of 1.06. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81.

Renew (LON:RNWH) last issued its earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) earnings per share for the quarter. Renew had a net margin of 4.45% and a return on equity of 27.90%.

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 represents a dividend yield of 1.17%. This is an increase from Renew’s previous dividend of $6.33. The ex-dividend date of this dividend is Thursday, February 6th. Renew’s payout ratio is presently 2,903.23%.

Insider Activity at Renew

In other Renew news, insider Shatish D. Dasani bought 3,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of GBX 712 ($8.89) per share, with a total value of £21,360 ($26,663.34). 2.17% of the stock is currently owned by company insiders.

About Renew