Renault (OTCMKTS:RNLSY) Hits New 1-Year Low – Time to Sell?

Shares of Renault (OTCMKTS:RNLSY) reached a new 52-week low on Thursday . The company traded as low as $6.01 and last traded at $6.02, with a volume of 1444 shares traded. The stock had previously closed at $6.34.

Analyst Upgrades and Downgrades

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

Renault Price Performance

The firm has a 50 day moving average of $6.76 and a two-hundred day moving average of $7.27.

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.