Renault (OTCMKTS:RNLSY) Shares Gap Down – Should You Sell?

Shares of Renault (OTCMKTS:RNLSY) gapped down before the market opened on Tuesday . The stock had previously closed at $7.77, but opened at $6.66. Renault shares last traded at $6.6770, with a volume of 13,825 shares traded.

Analyst Upgrades and Downgrades

RNLSY has been the subject of several research analyst reports. UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd. HSBC reiterated a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Berenberg Bank downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Zacks Research upgraded Renault from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Morgan Stanley lowered Renault to an “underweight” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Renault presently has an average rating of “Hold”.

Renault Trading Down 4.2%

The firm has a fifty day moving average price of $7.73 and a 200 day moving average price of $7.93.

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.