Renew Holdings plc (LON:RNWH - Get Free Report)'s stock price fell 21.9% during mid-day trading on Saturday . The stock traded as low as GBX 681 ($8.50) and last traded at GBX 710 ($8.86). 2,129,388 shares changed hands during mid-day trading, an increase of 432% from the average session volume of 400,283 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 report on Friday, October 4th.
Get Our Latest Report on RNWH
Renew Stock Down 21.9 %
The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The firm has a market cap of £561.89 million, a PE ratio of 1,145.16 and a beta of 1.06. The company's 50 day moving average price is GBX 959.74 and its two-hundred day moving average price is GBX 1,039.51.
Renew (LON:RNWH - Get Free Report) last released its quarterly earnings results 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 announced a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be issued a GBX 12.67 ($0.16) dividend. This represents a 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 dividend payout ratio is currently 2,903.23%.
Insider Buying and Selling at Renew
In other Renew news, insider Shatish D. Dasani purchased 3,000 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of GBX 712 ($8.89) per share, with a total value of £21,360 ($26,663.34). Insiders own 2.17% of the company's stock.
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