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

Renishaw logo with Computer and Technology background

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 2,867.50 ($39.40) and traded as high as GBX 2,970 ($40.81). Renishaw shares last traded at GBX 2,937.61 ($40.37), with a volume of 94,199 shares trading hands.

Renishaw Price Performance

The stock has a market cap of £2.06 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. The company's 50-day moving average is GBX 2,609.57 and its 200-day moving average is GBX 2,856.81.

Insider Buying and Selling at Renishaw

In related news, insider William Lee bought 1,788 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of GBX 2,237 ($30.74) per share, for a total transaction of £39,997.56 ($54,964.35). Corporate insiders own 53.31% of the company's stock.

About Renishaw

(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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