Renault (OTCMKTS:RNLSY) Shares Gap Up – Still a Buy?

Renault (OTCMKTS:RNLSY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.44, but opened at $6.93. Renault shares last traded at $6.9370, with a volume of 14,545 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RNLSY shares. Morgan Stanley cut shares of Renault to an “underweight” rating in a report on Tuesday, February 3rd. Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Renault Price Performance

The business’s fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $7.46.

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.