Renault (OTCMKTS:RNLSY) Shares Gap Up – What’s Next?

Shares of Renault (OTCMKTS:RNLSY) gapped up prior to trading on Friday . The stock had previously closed at $6.28, but opened at $6.77. Renault shares last traded at $6.76, with a volume of 25,285 shares.

Analysts Set New Price Targets

Separately, Barclays cut Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Renault Stock Up 2.6%

The business’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.62.

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.