Renew (LON:RNWH) Hits New 12-Month Low – Here’s Why

Renew Holdings plc (LON:RNWH) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 631 ($8.07) and last traded at GBX 645 ($8.25), with a volume of 205822 shares. The stock had previously closed at GBX 651 ($8.33).

Renew Stock Up 1.4 %

The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The firm has a 50 day moving average of GBX 796.19 and a 200 day moving average of GBX 969.40. The firm has a market cap of £526.48 million, a price-to-earnings ratio of 10.94 and a beta of 1.06.

Renew Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be paid a GBX 12.67 ($0.16) dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio (DPR) is 30.10%.

Insider Buying and Selling at Renew

In related news, insider Elizabeth Barber bought 2,830 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were bought at an average price of GBX 709 ($9.07) per share, for a total transaction of £20,064.70 ($25,668.03). Also, insider Shatish D. Dasani bought 3,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of GBX 712 ($9.11) per share, for a total transaction of £21,360 ($27,325.06). Insiders own 2.17% of the company’s stock.

About Renew