Renishaw (LON:RSW) Reaches New 52-Week Low - Here's Why

Renishaw plc (LON:RSW - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 3,065 ($38.93) and last traded at GBX 3,148.76 ($39.99), with a volume of 2223 shares. The stock had previously closed at GBX 3,130 ($39.76).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Renishaw from GBX 4,500 ($57.16) to GBX 4,000 ($50.81) and set a "hold" rating for the company in a report on Friday, September 13th.

Renishaw Stock Down 1.9 %

The firm has a 50 day moving average of GBX 3,351.07 and a 200-day moving average of GBX 3,571.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The stock has a market capitalization of £2.23 billion, a P/E ratio of 2,308.27, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Renishaw Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a dividend of GBX 59.40 ($0.75) per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.8%. This is a boost from Renishaw's previous dividend of $16.80. Renishaw's dividend payout ratio (DPR) is 5,714.29%.

Insider Buying and Selling at Renishaw

In related news, insider William Lee sold 4,134 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of GBX 3,325 ($42.23), for a total transaction of £137,455.50 ($174,591.01). Company insiders own 53.31% of the company's stock.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.