Renishaw (NASDAQ:RNSHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “

Renishaw (RNSHF) remained flat at $63.00 during midday trading on Wednesday. 5 shares of the stock were exchanged. The stock has a market capitalization of $4.59 billion and a P/E ratio of 39.06. The stock’s 50-day moving average price is $62.27 and its 200-day moving average price is $61.75. Renishaw has a 52 week low of $30.35 and a 52 week high of $66.30.

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