Renault (OTCMKTS:RNLSY) Hits New 1-Year Low – Here’s What Happened

Renault (OTCMKTS:RNLSY) shares reached a new 52-week low on Monday . The company traded as low as $6.35 and last traded at $6.45, with a volume of 154822 shares changing hands. The stock had previously closed at $6.53.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RNLSY shares. Berenberg Bank downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Morgan Stanley lowered Renault to an “underweight” rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group started coverage on shares of Renault in a report on Sunday, November 23rd. They set a “hold” rating for the company. UBS Group lowered Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. Finally, Zacks Research upgraded Renault from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Renault Price Performance

The stock has a fifty day moving average price of $7.36 and a 200 day moving average price of $7.85.

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.