Renault (OTCMKTS:RNLSY) Reaches New 52-Week Low – Should You Sell?

Shares of Renault (OTCMKTS:RNLSY) hit a new 52-week low on Monday . The stock traded as low as $7.00 and last traded at $7.03, with a volume of 17836 shares traded. The stock had previously closed at $7.77.

Wall Street Analysts Forecast Growth

RNLSY has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Renault in a research report on Sunday, November 23rd. They issued a “hold” rating on the stock. Morgan Stanley lowered shares of Renault to an “underweight” rating in a report on Tuesday, February 3rd. UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. Zacks Research raised shares of Renault from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, HSBC reiterated a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Renault Stock Down 2.0%

The firm’s 50 day moving average is $7.71 and its two-hundred day moving average is $7.93.

Renault Company Profile

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.