Renew (LON:RNWH) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,055.46 ($13.05) and traded as low as GBX 888 ($10.98). Renew shares last traded at GBX 895 ($11.06), with a volume of 117,537 shares trading hands.

Wall Street Analyst Weigh In

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

Renew Price Performance

The firm has a fifty day moving average of GBX 1,007.78 and a two-hundred day moving average of GBX 1,055.46. The stock has a market capitalization of £705.14 million, a P/E ratio of 1,437.10 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.

Renew Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 6th will be given a GBX 12.67 ($0.16) dividend. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from Renew’s previous dividend of $6.33. Renew’s dividend payout ratio is presently 2,903.23%.

About Renew