Renesas Electronics (OTCMKTS:RNECY) Trading 3% Higher – Time to Buy?

Renesas Electronics Co. (OTCMKTS:RNECYGet Free Report)’s share price traded up 3% during trading on Wednesday . The stock traded as high as $5.92 and last traded at $5.92. 650,074 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 740,804 shares. The stock had previously closed at $5.75.

Renesas Electronics Price Performance

The business has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $6.14.

About Renesas Electronics

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Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.

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