Renishaw (LON:RSW) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Renishaw plc shares have crossed above their 200-day moving average, indicating a potential upward trend as the stock reached a high of GBX 3,000 ($39.63).
• The company has a market capitalization of £2.11 billion and a P/E ratio of 21.80, reflecting its valuation in the market.
• Renishaw specializes in high precision measurement and manufacturing systems, aiming to enhance accuracy and confidence in production processes.

Renishaw plc (LON:RSW - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,795.69 ($36.93) and traded as high as GBX 3,000 ($39.63). Renishaw shares last traded at GBX 2,975 ($39.30), with a volume of 51,485 shares trading hands.

Renishaw Trading Down 1.3%

The stock has a market cap of £2.11 billion, a PE ratio of 21.80, a P/E/G ratio of 3.73 and a beta of 0.63. The business's fifty day moving average is GBX 2,791 and its 200 day moving average is GBX 2,795.69. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05.

About Renishaw

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.

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