Renault (OTCMKTS:RNLSY) Shares Gap Down – Here’s What Happened

Renault (OTCMKTS:RNLSY) gapped down prior to trading on Thursday . The stock had previously closed at $8.06, but opened at $7.66. Renault shares last traded at $7.69, with a volume of 3,299 shares trading hands.

Analysts Set New Price Targets

RNLSY has been the subject of a number of research reports. UBS Group cut shares of Renault from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd. Zacks Research raised Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group assumed coverage on Renault in a report on Sunday, November 23rd. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Renault Stock Performance

The business’s 50 day moving average is $8.19 and its 200 day moving average is $8.14.

About Renault

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.