Renault (OTCMKTS:RNLSY) Sees Strong Trading Volume – Here’s What Happened
by Amy Steele · The Cerbat GemRenault (OTCMKTS:RNLSY – Get Free Report) saw an uptick in trading volume on Wednesday . 58,202 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 40,833 shares.The stock last traded at $7.6150 and had previously closed at $7.38.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on RNLSY. Zacks Research upgraded Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Berenberg Bank downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group began coverage on Renault in a research report on Sunday, November 23rd. They issued a “hold” rating for the company. HSBC reaffirmed a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Finally, UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Analysis on RNLSY
Renault Stock Performance
The stock’s 50 day moving average price is $8.09 and its 200-day moving average price is $8.02.
Renault Company Profile
Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.
Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.