Renishaw (NASDAQ:RNSHF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Renishaw plc is an engineering and scientific technology company. Its product includes metrology and inspection equipment, spectroscopy systems and computer aided design and manufacturing systems. Renishaw plc is headquartered in Wotton-under-Edge, the United Kingdom. “

Shares of Renishaw (NASDAQ RNSHF) remained flat at $64.25 on Wednesday. The company has a market cap of $4.68 billion and a P/E ratio of 39.83. Renishaw has a 52-week low of $30.35 and a 52-week high of $66.30. The firm’s 50 day moving average is $61.56 and its 200-day moving average is $61.56.

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