Daymark Wealth Partners LLC lowered its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 41.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 759,755 shares of the company's stock after selling 543,524 shares during the quarter. Daymark Wealth Partners LLC owned about 0.21% of ReNew Energy Global worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of ReNew Energy Global during the fourth quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new stake in shares of ReNew Energy Global during the 4th quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of ReNew Energy Global during the 4th quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in ReNew Energy Global in the fourth quarter valued at approximately $52,000. Finally, Signaturefd LLC acquired a new stake in shares of ReNew Energy Global during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 43.56% of the company's stock.
ReNew Energy Global Price Performance
Shares of RNW stock remained flat at $6.80 during mid-day trading on Thursday. The stock had a trading volume of 861,989 shares, compared to its average volume of 973,945. The business has a fifty day moving average price of $6.49 and a two-hundred day moving average price of $6.48. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. The stock has a market capitalization of $2.47 billion, a P/E ratio of 136.00 and a beta of 0.89.
Analyst Upgrades and Downgrades
Separately, Roth Mkm dropped their price objective on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Friday, February 21st.
Read Our Latest Stock Analysis on RNW
ReNew Energy Global Company Profile
(
Free Report)
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
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