Renishaw (LON:RSW) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Renishaw plc (LON:RSW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,401.36 and traded as high as GBX 3,795. Renishaw shares last traded at GBX 3,725, with a volume of 1,535,126 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Shore Capital reissued a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,920.

Renishaw Stock Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The stock has a fifty day simple moving average of GBX 3,579.52 and a two-hundred day simple moving average of GBX 3,408.25. The firm has a market capitalization of £2.76 billion, a P/E ratio of 32.98, a P/E/G ratio of 3.73 and a beta of 0.63.

Insiders Place Their Bets

In other Renishaw news, insider D John Deer sold 207,050 shares of Renishaw stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total value of £7,112,167.50. Also, insider Richard McMurtry sold 26,376,468 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £906,031,675.80. Insiders sold 26,926,468 shares of company stock valued at $92,492,417,580 over the last 90 days. Corporate insiders own 52.95% of the company’s stock.

About Renishaw

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.