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Renew (LON:RNWH) Share Price Passes Below Two Hundred 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 Monday . The stock has a 200-day moving average of GBX 1,067.69 ($13.38) and traded as low as GBX 910 ($11.41). Renew shares last traded at GBX 926 ($11.61), with a volume of 63,225 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on Renew

Renew Price Performance

The stock has a market cap of £738.38 million, a price-to-earnings ratio of 1,504.84 and a beta of 1.06. The company has a 50 day simple moving average of GBX 1,048.57 and a 200-day simple moving average of GBX 1,067.69. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41.

Renew Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be given a dividend of GBX 12.67 ($0.16) per share. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Renew's previous dividend of $6.33. Renew's dividend payout ratio is currently 2,903.23%.

Renew Company Profile

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