Renew (LON:RNWH) Sets New 1-Year Low – What’s Next?

Renew Holdings plc (LON:RNWH) reached a new 52-week low on Friday . The company traded as low as GBX 711 ($8.78) and last traded at GBX 716.20 ($8.85), with a volume of 1609777 shares. The stock had previously closed at GBX 909 ($11.23).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a report on Friday, October 4th.

Renew Stock Down 22.4 %

The company has a market cap of £557.94 million, a price-to-earnings ratio of 1,137.10 and a beta of 1.06. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The business has a fifty day moving average of GBX 970.60 and a two-hundred day moving average of GBX 1,042.75.

Renew (LON:RNWH) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.81) earnings per share for the quarter. Renew had a return on equity of 27.90% and a net margin of 4.45%.

Renew Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be paid a dividend of GBX 12.67 ($0.16) per share. This represents a yield of 1.17%. This is a boost from Renew’s previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. Renew’s dividend payout ratio is 2,903.23%.

About Renew