Renew (LON:RNWH) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 867.08 ($11.60) and traded as low as GBX 700 ($9.37). Renew shares last traded at GBX 713 ($9.54), with a volume of 261,242 shares trading hands.

Renew Stock Down 0.1 %

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 market cap of £573.18 million, a price-to-earnings ratio of 11.91 and a beta of 1.06. The firm’s 50 day simple moving average is GBX 675.65 and its two-hundred day simple moving average is GBX 867.08.

Renew Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 6th were given a GBX 12.67 ($0.17) dividend. This represents a dividend yield of 1.17%. This is an increase from Renew’s previous dividend of $6.33. The ex-dividend date was Thursday, February 6th. Renew’s payout ratio is presently 30.10%.

Insider Buying and Selling

In other news, insider Elizabeth Barber acquired 2,830 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of GBX 709 ($9.49) per share, with a total value of £20,064.70 ($26,849.59). Also, insider Shatish D. Dasani bought 3,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of GBX 712 ($9.53) per share, with a total value of £21,360 ($28,582.90). 2.17% of the stock is currently owned by company insiders.

About Renew