Renault (OTCMKTS:RNLSY) Shares Gap Up – Time to Buy?

Shares of Renault (OTCMKTS:RNLSY) gapped up before the market opened on Wednesday . The stock had previously closed at $6.44, but opened at $6.93. Renault shares last traded at $6.9370, with a volume of 14,545 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on RNLSY. Morgan Stanley cut shares of Renault to an “underweight” rating in a research note on Tuesday, February 3rd. Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Renault Stock Performance

The business’s 50 day moving average price is $6.83 and its 200 day moving average price is $7.46.

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.