Renew (LON:RNWH) Reaches New 1-Year Low – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Renew in a research note on Friday, October 4th.

Renew Stock Performance

The firm has a market capitalization of £557.94 million, a price-to-earnings ratio of 1,137.10 and a beta of 1.06. 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 firm has a 50 day moving average price of GBX 970.60 and a 200-day moving average price of GBX 1,042.75.

Renew (LON:RNWH) last posted its quarterly earnings results 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 firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 6th will be paid a GBX 12.67 ($0.16) dividend. The ex-dividend date is Thursday, February 6th. This is a boost 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%.

About Renew