Renault (OTCMKTS:RNLSY – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $5.85, but opened at $6.24. Renault shares last traded at $6.22, with a volume of 7,855 shares trading hands.
Analysts Set New Price Targets
Separately, Barclays cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.
View Our Latest Report on Renault
Renault Stock Up 7.1%
The stock has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $6.62.
About Renault
Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.
Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.
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