ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $7.67 and last traded at $7.57, with a volume of 343258 shares changing hands. The stock had previously closed at $7.46.
ReNew Energy Global Stock Down 1.2%
The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44. The firm has a market cap of $2.75 billion, a PE ratio of 47.32 and a beta of 0.88. The business's 50-day simple moving average is $6.94 and its 200 day simple moving average is $6.57.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of ReNew Energy Global in the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets purchased a new position in shares of ReNew Energy Global in the 4th quarter worth approximately $25,000. Hsbc Holdings PLC grew its position in shares of ReNew Energy Global by 40.3% in the 4th quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after buying an additional 4,799 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of ReNew Energy Global in the 4th quarter worth approximately $34,000. Finally, Barclays PLC grew its position in shares of ReNew Energy Global by 21.8% in the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after buying an additional 5,742 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company's stock.
ReNew Energy Global Company Profile
(
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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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