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Renew (LON:RNWH) Stock Price Passes Above 200 Day Moving Average - Here's Why

Renew logo with Industrials background

Renew Holdings plc (LON:RNWH - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,066.24 ($13.88) and traded as high as GBX 1,084.50 ($14.12). Renew shares last traded at GBX 1,072 ($13.95), with a volume of 180,311 shares trading hands.

Analyst Ratings Changes

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

View Our Latest Report on RNWH

Renew Stock Performance

The firm has a market cap of £848.38 million, a price-to-earnings ratio of 1,729.03 and a beta of 1.06. The firm's 50 day moving average is GBX 1,089.06 and its 200-day moving average is GBX 1,067.09. The company has a debt-to-equity ratio of 10.41, a quick ratio of 0.81 and a current ratio of 0.95.

Renew Company Profile

(Get Free Report)

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.

Further Reading

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