Renishaw (LON:RSW) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

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.

Shares of Renishaw plc (LON:RSW - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,795.69 ($37.16) and traded as high as GBX 3,000 ($39.87). Renishaw shares last traded at GBX 2,975 ($39.54), with a volume of 51,485 shares trading hands.

Renishaw Trading Up 1.9%

The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81. The company has a market cap of £2.12 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The stock has a 50-day moving average of GBX 2,811.71 and a two-hundred day moving average of GBX 2,780.28.

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.