Renew (LON:RNWH) Hits New 1-Year Low – Here’s Why

Renew Holdings plc (LON:RNWH)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 681 ($8.56) and last traded at GBX 684 ($8.60), with a volume of 202693 shares traded. The stock had previously closed at GBX 708 ($8.90).

Renew Stock Performance

The firm has a market cap of £530.51 million, a P/E ratio of 11.02 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 37.10. The business’s fifty day simple moving average is GBX 807.45 and its 200-day simple moving average is GBX 977.20.

Renew (LON:RNWH) last posted its earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.83) EPS for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be paid a dividend of GBX 12.67 ($0.16) per share. This is a positive change from Renew’s previous dividend of $6.33. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. Renew’s dividend payout ratio (DPR) is currently 30.10%.

Insider Buying and Selling at Renew

In related news, insider Shatish D. Dasani purchased 3,000 shares of Renew stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of GBX 712 ($8.95) per share, for a total transaction of £21,360 ($26,861.17). Also, insider Elizabeth Barber purchased 2,830 shares of Renew stock in a transaction dated Monday, January 27th. The stock was bought at an average price of GBX 709 ($8.92) per share, with a total value of £20,064.70 ($25,232.27). 2.17% of the stock is owned by company insiders.

About Renew