Renault (OTCMKTS:RNLSY) Hits New 1-Year Low – Time to Sell?

Renault (OTCMKTS:RNLSY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $6.01 and last traded at $6.02, with a volume of 1444 shares traded. The stock had previously closed at $6.34.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research 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 company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Renault Price Performance

The firm has a 50-day moving average of $6.76 and a 200-day moving average of $7.27.

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.