Renesas Electronics (OTCMKTS:RNECF) Stock Price Down 8.2% – Should You Sell?

by · The Markets Daily

Renesas Electronics Co. (OTCMKTS:RNECF – Get Free Report)’s stock price was down 8.2% during trading on Wednesday . The company traded as low as $14.23 and last traded at $14.23. Approximately 10,625 shares traded hands during trading, a decline of 72% from the average daily volume of 38,592 shares. The stock had previously closed at $15.50.

Renesas Electronics Stock Performance

The firm has a 50-day moving average price of $13.39 and a 200 day moving average price of $12.63.

About Renesas Electronics

(Get Free Report)

Renesas Electronics Corporation is a global semiconductor company headquartered in Tokyo, Japan, specializing in microcontrollers, microprocessors, analog and power devices. The company offers a diversified product portfolio that includes general-purpose and real-time MCUs, automotive system-on-chip (SoC) solutions, analog ICs, power management products, and connectivity devices. Its solutions are designed to meet the needs of applications ranging from automotive safety and electrification to industrial automation, Internet of Things (IoT) systems and communications infrastructure.

Established in April 2010 through the merger of NEC Electronics Corporation and Renesas Technology Corporation, Renesas has grown through both organic research and development and strategic acquisitions.

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