Renew (LON:RNWH) Stock Passes Below 200 Day Moving Average - Here's Why

Renew Holdings plc (LON:RNWH - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 810.50 ($10.98) and traded as low as GBX 787 ($10.66). Renew shares last traded at GBX 808 ($10.95), with a volume of 79,767 shares traded.

Renew Stock Down 0.5%

The company has a debt-to-equity ratio of 37.10, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market cap of £656.90 million, a P/E ratio of 13.65 and a beta of 1.06. The stock has a 50-day moving average of GBX 741.73 and a 200 day moving average of GBX 803.12.

Renew (LON:RNWH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported GBX 28.20 ($0.38) EPS for the quarter. Renew had a return on equity of 22.35% and a net margin of 4.45%.

Renew Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 6th were given a GBX 12.67 ($0.17) dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Renew's previous dividend of $6.33. Renew's payout ratio is currently 30.10%.

Renew Company Profile