Renesas Electronics (OTCMKTS:RNECY – Get Free Report) released its earnings results on Friday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07, Zacks reports.
Renesas Electronics Stock Down 8.0%
Shares of OTCMKTS RNECY traded down $0.86 during trading on Friday, reaching $9.91. 624,386 shares of the stock traded hands, compared to its average volume of 749,955. Renesas Electronics has a 52-week low of $5.50 and a 52-week high of $16.20. The company has a 50-day moving average of $13.67 and a 200-day moving average of $10.55.
About Renesas Electronics
Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.
The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.
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