Renewi (LON:RWI) Share Price Crosses Below 50 Day Moving Average - Here's Why

Renewi plc (LON:RWI - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 645.36 ($8.43) and traded as low as GBX 628 ($8.20). Renewi shares last traded at GBX 636 ($8.31), with a volume of 54,137 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 710 ($9.27) price objective on shares of Renewi in a research note on Tuesday, August 6th.

Renewi Stock Performance

The firm has a 50 day moving average of GBX 645.36 and a 200-day moving average of GBX 639.15. The stock has a market capitalization of £502.95 million, a PE ratio of 1,393.33, a P/E/G ratio of 0.38 and a beta of 1.24. 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 Buying and Selling

In other news, insider Otto de Bont sold 9,205 shares of the firm's stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of GBX 659 ($8.61), for a total transaction of £60,660.95 ($79,212.52). Company insiders own 10.85% of the company's stock.

Renewi Company Profile

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.