Renewi (LON:RWI) Share Price Passes Above 50-Day Moving Average – Here’s Why

Renewi plc (LON:RWIGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 661.66 ($8.41) and traded as high as GBX 802 ($10.20). Renewi shares last traded at GBX 800 ($10.17), with a volume of 479,585 shares traded.

Renewi Trading Up 0.1 %

The business has a 50-day simple moving average of GBX 661.66 and a two-hundred day simple moving average of GBX 660.73. The stock has a market cap of £640.48 million, a price-to-earnings ratio of 1,777.78, a P/E/G ratio of 0.38 and a beta of 1.24. The company has a debt-to-equity ratio of 221.34, a current ratio of 0.54 and a quick ratio of 0.59.

About Renewi

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Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.

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