Renew (LON:RNWH) Sets New 52-Week Low - Here's Why

Shares of Renew Holdings plc (LON:RNWH - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 630 ($8.05) and last traded at GBX 633 ($8.09), with a volume of 109570 shares changing hands. The stock had previously closed at GBX 651 ($8.32).

Renew Stock Down 0.9 %

The business's fifty day moving average price is GBX 682.95 and its two-hundred day moving average price is GBX 894.53. The company has a debt-to-equity ratio of 37.10, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market capitalization of £510.38 million, a P/E ratio of 10.60 and a beta of 1.06.

Renew Increases Dividend

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

Insider Activity

In related news, insider Elizabeth Barber bought 2,830 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of GBX 709 ($9.06) per share, for a total transaction of £20,064.70 ($25,638.51). Also, 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 ($9.10) per share, for a total transaction of £21,360 ($27,293.64). Company insiders own 2.17% of the company's stock.

Renew Company Profile