RENAULT (OTCMKTS:RNLSY) Sets New 52-Week 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) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.17 and last traded at $7.20, with a volume of 80253 shares trading hands. The stock had previously closed at $7.39.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RNLSY shares. Hsbc Global Res upgraded RENAULT to a "strong-buy" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of RENAULT in a research report on Friday, April 25th.

RENAULT Trading Up 2.3%

The business has a 50-day moving average price of $8.78 and a 200-day moving average price of $9.82.

RENAULT Company Profile

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.