Zacks Investment Research downgraded shares of Renishaw (NASDAQ:RNSHF) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “Renishaw plc is an engineering and scientific technology company. Its product includes metrology and inspection equipment, spectroscopy systems and computer aided design and manufacturing systems. Renishaw plc is headquartered in Wotton-under-Edge, the United Kingdom. “

Shares of Renishaw (RNSHF) traded down 0.7589% during mid-day trading on Wednesday, reaching $64.2586. The company had a trading volume of 1,845 shares. The stock has a 50 day moving average price of $61.65 and a 200 day moving average price of $61.65. Renishaw has a 12-month low of $30.35 and a 12-month high of $66.30. The firm has a market capitalization of $4.68 billion and a PE ratio of 39.8379.

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