Renishaw (LON:RSW) Stock Passes Above 200 Day Moving Average of $3,689.53

Renishaw plc (LON:RSW)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,689.53 ($45.57) and traded as high as GBX 4,200 ($51.88). Renishaw shares last traded at GBX 4,195 ($51.82), with a volume of 33,085 shares changing hands.

Renishaw Stock Up 3.2 %

The business’s 50 day moving average is GBX 4,208.64 and its 200-day moving average is GBX 3,689.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.10 and a current ratio of 6.17. The firm has a market capitalization of £3.05 billion, a price-to-earnings ratio of 3,130.60, a price-to-earnings-growth ratio of 3.73 and a beta of 0.76.

Renishaw Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 7th were given a GBX 16.80 ($0.21) dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 0.49%. Renishaw’s dividend payout ratio is 5,671.64%.

About Renishaw

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.