Renishaw (LON:RSW) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Renishaw shares crossed below their 200-day moving average (200-day MA GBX 3,693.44), trading as low as GBX 3,518 and last at GBX 3,597.55 on a volume of 87,954 shares.
• The company shows solid liquidity but mixed valuation metrics: market capitalization £2.74 billion, P/E 36.96, PEG 3.73, current ratio 4.57, quick ratio 3.10 and debt-to-equity of 1.60.
• Recent quarterly results reported GBX 68.80 earnings per share, with a return on equity of 8.06% and net margin of 10.06%, and analysts forecast about 159.9 EPS for the current year.

Renishaw plc (LON:RSW - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,693.44 and traded as low as GBX 3,518. Renishaw shares last traded at GBX 3,597.55, with a volume of 87,954 shares traded.

Renishaw Price Performance

The firm has a 50-day moving average of GBX 3,924.94 and a 200-day moving average of GBX 3,693.44. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57. The firm has a market capitalization of £2.74 billion, a P/E ratio of 36.96, a PEG ratio of 3.73 and a beta of 0.87.

Renishaw (LON:RSW - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported GBX 68.80 earnings per share for the quarter. Renishaw had a return on equity of 8.06% and a net margin of 10.06%. As a group, analysts predict that Renishaw plc will post 159.8984772 EPS for the current year.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems. Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they're making. This technology also helps our customers to innovate their products and processes. We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future. We believe that our purpose is incredibly relevant in today's environment where the pace of change in technology is faster than ever.

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