Renew (LON:RNWH) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Renew Holdings plc (LON:RNWH) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 984.16 ($12.48) and traded as low as GBX 706 ($8.95). Renew shares last traded at GBX 708 ($8.98), with a volume of 140,539 shares.

Renew Stock Down 3.0 %

The business’s fifty day moving average price is GBX 823.29 and its 200 day moving average price is GBX 984.16. The firm has a market capitalization of £553.05 million, a price-to-earnings ratio of 11.49 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 37.10.

Renew (LON:RNWH) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.84) earnings per share for the quarter. Renew had a return on equity of 22.35% and a net margin of 4.45%.

Renew Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be given a GBX 12.67 ($0.16) dividend. This represents a yield of 1.17%. This is a positive change from Renew’s previous dividend of $6.33. The ex-dividend date of this dividend is Thursday, February 6th. Renew’s dividend payout ratio (DPR) is 30.10%.

Insiders Place Their Bets

In related news, insider Shatish D. Dasani bought 3,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of GBX 712 ($9.03) per share, for a total transaction of £21,360 ($27,089.41). Also, insider Elizabeth Barber purchased 2,830 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was bought at an average price of GBX 709 ($8.99) per share, with a total value of £20,064.70 ($25,446.67). 2.17% of the stock is owned by insiders.

About Renew