Renewi (LON:RWI) Trading Down 0.8% – Time to Sell?

Renewi plc (LON:RWI)’s stock price was down 0.8% during mid-day trading on Tuesday . The company traded as low as GBX 632 ($8.27) and last traded at GBX 636 ($8.32). Approximately 33,592 shares traded hands during trading, a decline of 81% from the average daily volume of 177,160 shares. The stock had previously closed at GBX 641 ($8.39).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 710 ($9.29) target price on shares of Renewi in a research note on Tuesday, August 6th.

Renewi Stock Performance

The firm has a market capitalization of £508.55 million, a P/E ratio of 1,413.33, a PEG ratio of 0.38 and a beta of 1.24. The company has a 50-day simple moving average of GBX 647.74 and a two-hundred day simple moving average of GBX 636.68. The company has a debt-to-equity ratio of 221.34, a quick ratio of 0.59 and a current ratio of 0.54.

Insider Transactions at Renewi

In other news, insider Otto de Bont sold 9,205 shares of Renewi stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of GBX 659 ($8.62), for a total value of £60,660.95 ($79,388.76). 10.85% of the stock is currently owned by company insiders.

About Renewi

Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.