Renesas Electronics (OTCMKTS:RNECY) Stock Price Down 1.4% – What’s Next?

Renesas Electronics Co. (OTCMKTS:RNECY)’s share price was down 1.4% during mid-day trading on Friday . The company traded as low as $7.58 and last traded at $7.64. Approximately 349,076 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 626,755 shares. The stock had previously closed at $7.75.

Renesas Electronics Price Performance

The business’s fifty day moving average price is $7.57 and its 200-day moving average price is $7.08.

Renesas Electronics (OTCMKTS:RNECY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.