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Renew (LON:RNWH) Shares Pass Below 200 Day Moving Average - What's Next?

Renew logo with Industrials background

Renew Holdings plc (LON:RNWH - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,055.46 ($12.99) and traded as low as GBX 888 ($10.93). Renew shares last traded at GBX 895 ($11.01), with a volume of 117,537 shares.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on Renew

Renew Stock Up 1.7 %

The firm has a 50-day simple moving average of GBX 1,004.68 and a 200 day simple moving average of GBX 1,054.06. The stock has a market capitalization of £720.17 million, a P/E ratio of 1,467.74 and a beta of 1.06. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81.

Renew Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 6th will be paid a GBX 12.67 ($0.16) dividend. This represents a dividend yield of 1.17%. This is an increase 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%.

Renew Company Profile

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