RENAULT (OTCMKTS:RNLSY) Reaches New 1-Year Low - Should You Sell?

Key Points

• Shares of Renault hit a new 52-week low, trading at $7.20, significantly down from a previous close of $7.39.
• Brokerages have mixed views on Renault, with HSBC Global Res upgrading the stock to a "strong-buy," while Deutsche Bank reiterated a "hold" rating.
• The company's 50-day moving average is $9.03 and the 200-day moving average is $9.89, indicating a declining stock trend.

RENAULT (OTCMKTS:RNLSY - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $7.17 and last traded at $7.20, with a volume of 80253 shares. The stock had previously closed at $7.39.

Analysts Set New Price Targets

RNLSY has been the topic of several analyst reports. Hsbc Global Res upgraded RENAULT to a "strong-buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of RENAULT in a research note on Friday, April 25th.

RENAULT Price Performance

The business's fifty day moving average is $8.90 and its 200-day moving average is $9.85.

About RENAULT

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.