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Renishaw (LON:RSW) Stock Passes Above 200-Day Moving Average - Here's Why

Renishaw logo with Computer and Technology background

Renishaw plc (LON:RSW - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,839.71 ($38.65) and traded as high as GBX 2,885 ($39.27). Renishaw shares last traded at GBX 2,878.26 ($39.18), with a volume of 96,198 shares traded.

Renishaw Price Performance

The company has a 50 day moving average price of GBX 2,658.83 and a 200 day moving average price of GBX 2,839.71. The firm has a market cap of £2.05 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05.

Insider Transactions at Renishaw

In related news, insider William Lee bought 1,788 shares of Renishaw stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of GBX 2,237 ($30.45) per share, with a total value of £39,997.56 ($54,440.67). Insiders own 53.31% of the company's stock.

Renishaw Company Profile

(Get Free Report)

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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