Renesas Electronics Corp (OTCMKTS:RNECY) shares traded up 1% during trading on Wednesday . The company traded as high as $2.95 and last traded at $2.95, 592 shares changed hands during mid-day trading. A decline of 97% from the average session volume of 18,884 shares. The stock had previously closed at $2.92.

Separately, Goldman Sachs Group upgraded Renesas Electronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 29th.

The business has a 50-day simple moving average of $2.82 and a 200 day simple moving average of $2.64.

Renesas Electronics Company Profile (OTCMKTS:RNECY)

Renesas Electronics Corporation, together with its subsidiaries, researches, develops, designs, manufactures, sells, and services semiconductors in Japan, North America, Europe, and Asia. The company offers microcontrollers and microprocessors, amplifiers and buffers, analog devices, audio and video products, automotive products, data converters, interfaces, memory products, and optoelectronics, as well as peripherals; ICs for communication and power devices, factory automation, and motor/actuator drivers; and embedded system platforms.

Recommended Story: Using the New Google Finance Tool

Receive News & Ratings for Renesas Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renesas Electronics and related companies with MarketBeat.com's FREE daily email newsletter.