Renew (LON:RNWH) Reaches New 1-Year Low – Time to Sell?

Renew Holdings plc (LON:RNWH) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 681 ($8.64) and last traded at GBX 684 ($8.67), with a volume of 202693 shares traded. The stock had previously closed at GBX 708 ($8.98).

Renew Stock Performance

The stock has a 50-day moving average of GBX 818.57 and a 200 day moving average of GBX 981.61. The firm has a market capitalization of £539.36 million, a P/E ratio of 11.21 and a beta of 1.06. The company has a debt-to-equity ratio of 37.10, a quick ratio of 0.81 and a current ratio of 0.93.

Renew (LON:RNWH) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.84) EPS for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be given a dividend of GBX 12.67 ($0.16) per share. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Renew’s previous dividend of $6.33. This represents a yield of 1.17%. Renew’s dividend payout ratio is presently 30.10%.

Insider Buying and Selling

In other news, insider Shatish D. Dasani acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of GBX 712 ($9.03) per share, for a total transaction of £21,360 ($27,089.41). Also, insider Elizabeth Barber bought 2,830 shares of the business’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of GBX 709 ($8.99) per share, for a total transaction of £20,064.70 ($25,446.67). 2.17% of the stock is currently owned by insiders.

Renew Company Profile