Renew (LON:RNWH) Stock Passes Below 200 Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 984.16 ($12.48) and traded as low as GBX 706 ($8.95). Renew shares last traded at GBX 708 ($8.98), with a volume of 140,539 shares changing hands.

Renew Stock Performance

The stock has a 50-day moving average price of GBX 823.29 and a 200 day moving average price of GBX 984.16. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The firm has a market capitalization of £553.05 million, a price-to-earnings ratio of 11.49 and a beta of 1.06.

Renew (LON:RNWH) last posted its quarterly earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.84) EPS for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Increases Dividend

The firm 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%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio is 30.10%.

Insider Buying and Selling at Renew

In related news, insider Elizabeth Barber purchased 2,830 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of GBX 709 ($8.99) per share, for a total transaction of £20,064.70 ($25,446.67). Also, insider Shatish D. Dasani purchased 3,000 shares of Renew stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of GBX 712 ($9.03) per share, with a total value of £21,360 ($27,089.41). 2.17% of the stock is owned by insiders.

Renew Company Profile