Renew (LON:RNWH) Hits New 12-Month Low - Should You Sell?

Renew Holdings plc (LON:RNWH - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 631 ($8.16) and last traded at GBX 645 ($8.34), with a volume of 205822 shares trading hands. The stock had previously closed at GBX 651 ($8.42).

Renew Stock Down 3.5 %

The company has a debt-to-equity ratio of 37.10, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market cap of £517.62 million, a PE ratio of 10.75 and a beta of 1.06. The business's 50 day moving average is GBX 779.69 and its 200-day moving average is GBX 961.16.

Renew Increases Dividend

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

Insider Buying and Selling at Renew

In other news, insider Shatish D. Dasani purchased 3,000 shares of the business's stock in a transaction on Friday, January 24th. The shares were bought at an average price of GBX 712 ($9.20) per share, with a total value of £21,360 ($27,611.17). Also, insider Elizabeth Barber acquired 2,830 shares of the company's stock in a transaction on Monday, January 27th. The stock was acquired at an average price of GBX 709 ($9.16) per share, for a total transaction of £20,064.70 ($25,936.79). 2.17% of the stock is owned by insiders.

About Renew