Renew (LON:RNWH) Stock Price Down 21.9% – Here’s Why

Renew Holdings plc (LON:RNWH)’s stock price traded down 21.9% during trading on Saturday . The stock traded as low as GBX 681 ($8.49) and last traded at GBX 710 ($8.85). 2,129,388 shares traded hands during mid-day trading, an increase of 432% from the average session volume of 400,283 shares. The stock had previously closed at GBX 909 ($11.33).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a report on Friday, October 4th.

Renew Trading Down 21.9 %

The firm has a market cap of £561.89 million, a price-to-earnings ratio of 1,145.16 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41. The business has a 50 day moving average price of GBX 959.74 and a 200-day moving average price of GBX 1,038.84.

Renew (LON:RNWH) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) EPS 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 disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 12.67 ($0.16) per share. This represents a dividend yield of 1.17%. This is a positive change from Renew’s previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. Renew’s dividend payout ratio (DPR) is currently 2,903.23%.

Insider Transactions at Renew

In related news, insider Shatish D. Dasani bought 3,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was purchased at an average price of GBX 712 ($8.87) per share, with a total value of £21,360 ($26,620.14). Company insiders own 2.17% of the company’s stock.

Renew Company Profile