Renew (LON:RNWH) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Posted by Defense World Staff on Jan 1st, 2025

Shares of Renew Holdings plc (LON:RNWH – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on Renew

Renew Stock Down 0.1 %

The company has a market cap of £716.55 million, a price-to-earnings ratio of 1,460.35 and a beta of 1.06. The stock has a 50-day simple moving average of GBX 1,025.55 and a 200-day simple moving average of GBX 1,061.21. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41.

Renew Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.17%. This is an increase from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio is presently 2,903.23%.