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

Renew Holdings plc (LON:RNWH)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,061.21 ($13.28) and traded as low as GBX 863 ($10.80). Renew shares last traded at GBX 905.42 ($11.33), with a volume of 102,908 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Renew in a research note on Friday, October 4th.

Renew Stock Up 1.9 %

The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The firm has a market capitalization of £729.67 million, a price-to-earnings ratio of 1,487.10 and a beta of 1.06. The firm has a 50 day moving average price of GBX 1,021.34 and a two-hundred day moving average price of GBX 1,060.06.

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 GBX 12.67 ($0.16) dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, February 6th. This is an increase from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio (DPR) is currently 2,903.23%.

About Renew