ReNew Energy Global Plc (NASDAQ:RNW – Get Rating) was down 6.9% on Friday . The company traded as low as $4.58 and last traded at $4.58. Approximately 320,448 shares were traded during trading, a decline of 69% from the average daily volume of 1,024,398 shares. The stock had previously closed at $4.92.
Analysts Set New Price Targets
Separately, Credit Suisse Group cut shares of ReNew Energy Global from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 1st.
ReNew Energy Global Trading Down 2.2 %
The business’s 50 day simple moving average is $5.42 and its two-hundred day simple moving average is $5.82. The stock has a market cap of $1.93 billion, a P/E ratio of -16.03 and a beta of 0.60. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 3.62.
Institutional Trading of ReNew Energy Global
About ReNew Energy Global
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
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