Renishaw (LON:RSW) Stock Price Crosses Above Two Hundred Day Moving Average of $4,124.96

Shares of Renishaw plc (LON:RSWGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,124.96 ($50.54) and traded as high as GBX 4,334.70 ($53.11). Renishaw shares last traded at GBX 4,290 ($52.57), with a volume of 47,841 shares trading hands.

Analyst Upgrades and Downgrades

RSW has been the subject of several analyst reports. Berenberg Bank decreased their target price on shares of Renishaw from GBX 6,600 ($80.87) to GBX 5,100 ($62.49) and set a “buy” rating for the company in a research note on Friday, May 13th. Barclays decreased their target price on shares of Renishaw from GBX 4,200 ($51.46) to GBX 3,975 ($48.71) and set an “underweight” rating for the company in a research note on Wednesday, July 20th.

Renishaw Stock Up 0.6 %

The stock’s 50 day simple moving average is GBX 3,977.07 and its 200 day simple moving average is GBX 4,124.96. The company has a current ratio of 5.09, a quick ratio of 3.56 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of £3.12 billion and a P/E ratio of 2,451.43.

Renishaw Company Profile

(Get Rating)

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors.

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