Renishaw (LON:RSW) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Renishaw plc shares have crossed above their 200-day moving average, signaling a potential upward trend, with shares trading at GBX 2,985 ($40.15).
• The company's market capitalization is £2.15 billion, and it has a PE ratio of 22.18, suggesting that the stock may be relatively valued.
• Renishaw is recognized as a world leader in measuring and manufacturing systems, providing high accuracy and precision for its customers' products and processes.

Shares of Renishaw plc (LON:RSW - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,777.21 ($37.30) and traded as high as GBX 2,990 ($40.16). Renishaw shares last traded at GBX 2,985 ($40.09), with a volume of 45,019 shares changing hands.

Renishaw Price Performance

The stock has a market cap of £2.12 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 3.73 and a beta of 0.63. The company has a 50-day moving average of GBX 2,848.51 and a 200-day moving average of GBX 2,765.22. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81.

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.