Renishaw (RNSHF) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Renishaw (NASDAQ:RNSHF) from a hold rating to a sell 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 (RNSHF) remained flat at $63.20 on Wednesday. 1 shares of the stock were exchanged. The firm’s 50-day moving average is $62.43 and its 200 day moving average is $61.79. The company has a market capitalization of $4.60 billion and a price-to-earnings ratio of 39.18. Renishaw has a 52 week low of $30.35 and a 52 week high of $66.30.

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