Renew (LON:RNWH) Shares Cross Below Two Hundred Day Moving Average of $719.99

Shares of Renew Holdings plc (LON:RNWH – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 719.99 ($8.82) and traded as low as GBX 634.65 ($7.77). Renew shares last traded at GBX 647 ($7.93), with a volume of 91,107 shares traded.

Separately, Shore Capital restated a “buy” rating on shares of Renew in a report on Tuesday, May 17th.

The stock has a market capitalization of £510.24 million and a price-to-earnings ratio of 16.05. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 11.66. The firm has a 50-day moving average of GBX 686.61 and a two-hundred day moving average of GBX 719.99.

The firm also recently declared a dividend, which will be paid on Wednesday, July 13th. Investors of record on Thursday, June 9th will be given a dividend of GBX 5.67 ($0.07) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, June 9th. Renew’s payout ratio is 0.40%.

About Renew (LON:RNWH)

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company provides services to the energy, environmental, rail, and infrastructure markets. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.

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