ReNew Energy Global PLC (NASDAQ:RNW - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.70 and last traded at $7.67, with a volume of 61330 shares traded. The stock had previously closed at $7.65.
ReNew Energy Global Price Performance
The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.58 and a current ratio of 0.60. The company has a 50-day simple moving average of $7.05 and a 200-day simple moving average of $6.60. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 47.35 and a beta of 0.88.
Institutional Trading of ReNew Energy Global
Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global in the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $52,000. Finally, Parallel Advisors LLC boosted its stake in shares of ReNew Energy Global by 766.0% during the 2nd quarter. Parallel Advisors LLC now owns 11,041 shares of the company's stock worth $76,000 after acquiring an additional 9,766 shares in the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.
About ReNew Energy Global
(
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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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