Shares of Renault (OTCMKTS:RNLSY – Get Free Report) gapped down before the market opened on Friday after Barclays downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $6.77, but opened at $6.6301. Renault shares last traded at $6.68, with a volume of 5,956 shares trading hands.
Renault Price Performance
The business’s 50-day moving average price is $6.18 and its 200-day moving average price is $6.65.
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.
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