Renew (LON:RNWH) Hits New 12-Month Low – Should You Sell?

Renew Holdings plc (LON:RNWH) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 687 ($8.68) and last traded at GBX 699 ($8.83), with a volume of 254175 shares. The stock had previously closed at GBX 697 ($8.81).

Renew Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10. The company has a 50-day moving average price of GBX 833.69 and a 200-day moving average price of GBX 989.90. The firm has a market capitalization of £563.51 million, a price-to-earnings ratio of 11.71 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 ($0.83) earnings per share (EPS) 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 announced a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 6th will be issued a dividend of GBX 12.67 ($0.16) per share. This is a boost from Renew’s previous dividend of $6.33. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.17%. Renew’s payout ratio is presently 30.10%.

Insider Buying and Selling

In related news, insider Shatish D. Dasani purchased 3,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were bought at an average price of GBX 712 ($9.00) per share, with a total value of £21,360 ($26,986.73). Also, insider Elizabeth Barber purchased 2,830 shares of the company’s stock in a transaction on Monday, January 27th. The stock was bought at an average cost of GBX 709 ($8.96) per share, for a total transaction of £20,064.70 ($25,350.22). 2.17% of the stock is owned by corporate insiders.

About Renew