Renault (OTCMKTS:RNLSY) Reaches New 1-Year Low – Here’s Why

Shares of Renault (OTCMKTS:RNLSY) hit a new 52-week low on Wednesday . The company traded as low as $5.99 and last traded at $6.01, with a volume of 379476 shares trading hands. The stock had previously closed at $6.27.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Renault Trading Down 4.1%

The company has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $7.22.

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.