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

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 1,067.69 ($13.38) and traded as low as GBX 910 ($11.41). Renew shares last traded at GBX 926 ($11.61), with a volume of 63,225 shares.

Analysts Set New Price Targets

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

Renew Price Performance

The firm has a market capitalization of £734.07 million, a P/E ratio of 1,496.06 and a beta of 1.06. The stock’s fifty day simple moving average is GBX 1,048.57 and its 200 day simple moving average is GBX 1,067.69. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81.

Renew Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be given 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 yield of 1.17%. Renew’s dividend payout ratio is presently 2,903.23%.

About Renew