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

Renishaw plc (LON:RSW) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 3,065 ($38.93) and last traded at GBX 3,148.76 ($39.99), with a volume of 2223 shares. The stock had previously closed at GBX 3,130 ($39.76).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on Renishaw from GBX 4,500 ($57.16) to GBX 4,000 ($50.81) and set a “hold” rating on the stock in a report on Friday, September 13th.

Renishaw Stock Up 0.9 %

The firm’s fifty day simple moving average is GBX 3,351.07 and its 200-day simple moving average is GBX 3,571.94. The company has a market cap of £2.30 billion, a PE ratio of 2,353.38, a P/E/G ratio of 3.73 and a beta of 0.63. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05.

Renishaw Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be paid a GBX 59.40 ($0.75) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 1.8%. This is a positive change from Renishaw’s previous dividend of $16.80. Renishaw’s dividend payout ratio is presently 5,714.29%.

Insiders Place Their Bets

In other Renishaw news, insider William Lee sold 4,134 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 3,325 ($42.23), for a total value of £137,455.50 ($174,591.01). 53.31% of the stock is currently owned by company insiders.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.