Shares of ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $7.67 and last traded at $7.58, with a volume of 5411657 shares trading hands. The stock had previously closed at $6.92.
ReNew Energy Global Stock Performance
The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 47.38 and a beta of 0.88. The stock has a 50 day moving average of $6.77 and a 200 day moving average of $6.53.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of RNW. Point72 Asset Management L.P. acquired a new position in ReNew Energy Global during the fourth quarter worth about $25,000. BNP Paribas Financial Markets acquired a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $52,000. Finally, Signaturefd LLC acquired a new position in shares of ReNew Energy Global in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds 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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