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

Renishaw plc (LON:RSW)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 3,065 ($38.84) and last traded at GBX 3,148.76 ($39.90), with a volume of 2223 shares changing hands. The stock had previously closed at GBX 3,130 ($39.66).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Renishaw from GBX 4,500 ($57.02) to GBX 4,000 ($50.68) and set a “hold” rating on the stock in a report on Friday, September 13th.

Renishaw Price Performance

The firm has a market cap of £2.31 billion, a P/E ratio of 2,368.42, a P/E/G ratio of 3.73 and a beta of 0.63. The firm’s fifty day simple moving average is GBX 3,337.07 and its 200 day simple moving average is GBX 3,558.84. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81.

Renishaw Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be paid a dividend of GBX 59.40 ($0.75) per share. The ex-dividend date is Thursday, October 31st. This is a positive change from Renishaw’s previous dividend of $16.80. This represents a yield of 1.8%. 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 stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 3,325 ($42.13), for a total transaction of £137,455.50 ($174,170.68). Corporate insiders own 53.31% of the company’s stock.

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.