Renew (LON:RNWH) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,073.91 ($13.59) and traded as low as GBX 1,015.92 ($12.85). Renew shares last traded at GBX 1,038 ($13.13), with a volume of 137,165 shares.

Wall Street Analyst Weigh In

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

Renew Trading Down 1.0 %

The company has a fifty day simple moving average of GBX 1,090.44 and a two-hundred day simple moving average of GBX 1,073.91. 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 stock has a market capitalization of £821.47 million, a P/E ratio of 1,674.19 and a beta of 1.06.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.