Renault (OTCMKTS:RNLSY) Reaches New 1-Year Low – What’s Next?

Renault (OTCMKTS:RNLSY) shares reached a new 52-week low on Tuesday . The stock traded as low as $7.13 and last traded at $7.19, with a volume of 15352 shares. The stock had previously closed at $7.51.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RNLSY. Berenberg Bank lowered Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley cut shares of Renault to an “underweight” rating in a report on Tuesday. The Goldman Sachs Group began coverage on Renault in a research note on Sunday, November 23rd. They issued a “hold” rating for the company. HSBC reiterated a “buy” rating on shares of Renault in a research report on Tuesday, January 13th. Finally, Zacks Research raised Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Renault Trading Down 5.1%

The company has a fifty day moving average of $8.05 and a 200 day moving average of $7.94.

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.