Renew (LON:RNWH) Reaches New 1-Year Low - Here's Why

Renew Holdings plc (LON:RNWH - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 681 ($8.65) and last traded at GBX 684 ($8.69), with a volume of 202693 shares changing hands. The stock had previously closed at GBX 708 ($9.00).

Renew Stock Down 1.2 %

The stock has a market cap of £524.07 million, a price-to-earnings ratio of 10.89 and a beta of 1.06. The business has a fifty day moving average of GBX 807.45 and a 200 day moving average of GBX 975.69. The company has a debt-to-equity ratio of 37.10, a current ratio of 0.93 and a quick ratio of 0.81.

Renew Increases Dividend

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

Insider Activity at Renew

In related news, insider Shatish D. Dasani acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of GBX 712 ($9.05) per share, with a total value of £21,360 ($27,144.49). Also, insider Elizabeth Barber bought 2,830 shares of Renew stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of GBX 709 ($9.01) per share, with a total value of £20,064.70 ($25,498.41). 2.17% of the stock is owned by company insiders.

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