Renault (OTCMKTS:RNLSY) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Shares of Renault (OTCMKTS:RNLSY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 131,979 shares traded hands during trading, an increase of 217% from the previous session’s volume of 41,651 shares.The stock last traded at $7.8415 and had previously closed at $8.02.

Wall Street Analyst Weigh In

RNLSY has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on Renault in a report on Sunday, November 23rd. They issued a “hold” rating for the company. Zacks Research raised shares of Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

View Our Latest Research Report on RNLSY

Renault Trading Up 5.8%

The company has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $8.43.

About Renault

(Get Free Report)

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. It also engages in the design and production of parts and equipment used for manufacturing and operation vehicles. The company operates through Automotive, Sale Financing, and Mobility Services segments.

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