Renishaw (OTCMKTS:RNSHF) Reaches New 52-Week Low – Should You Sell?

Renishaw plc (OTCMKTS:RNSHFGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $37.45 and last traded at $37.45, with a volume of 20 shares changing hands. The stock had previously closed at $37.45.

Analysts Set New Price Targets

Separately, Barclays upgraded Renishaw to a “strong sell” rating in a research report on Monday, September 23rd.

Check Out Our Latest Stock Analysis on Renishaw

Renishaw Price Performance

The stock’s 50 day simple moving average is $44.84 and its 200 day simple moving average is $47.07.

Renishaw Company Profile

(Get Free Report)

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.

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