Renew (LON:RNWH) Shares Down 21.9% – Should You Sell?

Renew Holdings plc (LON:RNWH)’s share price dropped 21.9% during trading on Saturday . The company traded as low as GBX 681 ($8.50) and last traded at GBX 710 ($8.87). 2,129,388 shares changed hands during mid-day trading, an increase of 432% from the average daily volume of 400,283 shares. The stock had previously closed at GBX 909 ($11.35).

Analyst Upgrades and Downgrades

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

Renew Price Performance

The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81. The company has a fifty day moving average price of GBX 959.74 and a 200 day moving average price of GBX 1,039.51. The company has a market capitalization of £561.89 million, a P/E ratio of 1,145.16 and a beta of 1.06.

Renew (LON:RNWH) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 65.90 ($0.82) EPS 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 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. The ex-dividend date is Thursday, February 6th. This is an increase from Renew’s previous dividend of $6.33. This represents a yield of 1.17%. Renew’s dividend payout ratio (DPR) is currently 2,903.23%.

Insider Buying and Selling at Renew

In other Renew news, insider Shatish D. Dasani bought 3,000 shares of the business’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of GBX 712 ($8.89) per share, with a total value of £21,360 ($26,670.00). 2.17% of the stock is currently owned by company insiders.

About Renew