Renault (OTCMKTS:RNLSY) Shares Gap Down – Here’s What Happened

Renault (OTCMKTS:RNLSY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $6.77, but opened at $6.52. Renault shares last traded at $6.5250, with a volume of 399 shares traded.

Analyst Ratings Changes

Separately, Barclays lowered Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Renault Stock Down 4.3%

The company’s 50 day moving average is $6.39 and its 200-day moving average is $6.54.

About Renault

Renault is a France-based automotive company that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its vehicle portfolio includes small cars, sedans, sport utility vehicles, vans and electric vehicles marketed primarily under the Renault brand.

The company also operates the Dacia brand, known for value-oriented vehicles, and Alpine, which focuses on performance-oriented sports cars. Through Mobilize, Renault Group develops mobility, energy and vehicle-financing services, including financial solutions for customers and dealers.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has grown into an international automaker with operations and sales across Europe and other markets, including regions in Latin America, Asia and Africa.