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

Renew Holdings plc (LON:RNWH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 711 ($8.88) and last traded at GBX 716.20 ($8.94), with a volume of 1609777 shares. The stock had previously closed at GBX 909 ($11.35).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Renew in a research note on Friday, October 4th.

Renew Trading Down 21.9 %

The business's 50-day simple moving average is GBX 959.74 and its 200-day simple moving average is GBX 1,039.51. The company has a market cap of £561.89 million, a PE ratio of 1,145.16 and a beta of 1.06. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41.

Renew (LON:RNWH - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) earnings per share (EPS) for the quarter. Renew had a return on equity of 27.90% and a net margin of 4.45%.

Renew Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 6th will be issued a dividend of GBX 12.67 ($0.16) per share. This represents a dividend yield of 1.17%. This is a positive change from Renew's previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. Renew's payout ratio is currently 2,903.23%.

Insider Activity at Renew

In other Renew news, insider Shatish D. Dasani purchased 3,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of GBX 712 ($8.89) per share, for a total transaction of £21,360 ($26,670.00). 2.17% of the stock is currently owned by company insiders.

About Renew