Posted by admin on Jun 29th, 2022

Renishaw plc (LON:RSW – Get Rating) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 3,546 ($43.50) and last traded at GBX 3,558 ($43.65), with a volume of 4802 shares. The stock had previously closed at GBX 3,694 ($45.32).

Separately, Berenberg Bank decreased their price objective on Renishaw from GBX 6,600 ($80.97) to GBX 5,100 ($62.57) and set a “buy” rating on the stock in a report on Friday, May 13th.

The company has a market cap of £2.60 billion and a PE ratio of 20.24. The company has a current ratio of 5.09, a quick ratio of 3.56 and a debt-to-equity ratio of 2.63. The business has a fifty day moving average of GBX 3,985.61 and a 200-day moving average of GBX 4,249.18.

In other Renishaw news, insider William Lee purchased 1,324 shares of Renishaw stock in a transaction that occurred on Monday, April 11th. The shares were bought at an average price of GBX 3,746 ($45.96) per share, for a total transaction of £49,597.04 ($60,847.80).

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors.

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