Renew (LON:RNWH) Reaches New 12-Month Low – Time to Sell?

Shares of Renew Holdings plc (LON:RNWH) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 687 ($8.67) and last traded at GBX 699 ($8.82), with a volume of 254175 shares trading hands. The stock had previously closed at GBX 697 ($8.79).

Renew Price Performance

The firm has a market capitalization of £562.71 million, a P/E ratio of 11.69 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 firm has a 50 day moving average price of GBX 856.75 and a 200-day moving average price of GBX 999.13.

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

Renew Increases Dividend

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

Insider Activity at Renew

In other news, insider Elizabeth Barber acquired 2,830 shares of Renew stock in a transaction on Monday, January 27th. The shares were bought at an average cost of GBX 709 ($8.94) per share, for a total transaction of £20,064.70 ($25,311.85). Also, insider Shatish D. Dasani bought 3,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of GBX 712 ($8.98) per share, with a total value of £21,360 ($26,945.88). 2.17% of the stock is owned by company insiders.

Renew Company Profile