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Renew Holdings plc (LON:RNWH – Get Free Report) traded down 21.9% during trading on Saturday . The stock traded as low as GBX 681 ($8.49) and last traded at GBX 710 ($8.85). 2,129,388 shares traded hands during trading, an increase of 432% from the average session volume of 400,283 shares. The stock had previously closed at GBX 909 ($11.33).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a research report on Friday, October 4th.
Read Our Latest Report on Renew
Renew Trading Down 21.9 %
The business’s 50 day simple moving average is GBX 959.74 and its 200 day simple moving average is GBX 1,038.84. The stock has a market cap of £561.89 million, a price-to-earnings ratio of 1,145.16 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 10.41.
Renew (LON:RNWH – Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) EPS for the quarter. Renew had a return on equity of 27.90% and a net margin of 4.45%.
Renew Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be paid 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 boost from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio is 2,903.23%.
Insiders Place Their Bets
In other news, insider Shatish D. Dasani purchased 3,000 shares of Renew stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of GBX 712 ($8.87) per share, for a total transaction of £21,360 ($26,620.14). Company insiders own 2.17% of the company’s stock.
Renew Company Profile
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