Posted by admin on Jun 16th, 2022

Renishaw plc (LON:RSW – Get Rating)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 3,664 ($44.47) and last traded at GBX 3,678 ($44.64), with a volume of 18305 shares traded. The stock had previously closed at GBX 3,850 ($46.73).

Separately, Berenberg Bank cut their price target on Renishaw from GBX 6,600 ($80.11) to GBX 5,100 ($61.90) and set a “buy” rating on the stock in a report on Friday, May 13th.

The business has a fifty day moving average of GBX 4,005.53 and a 200-day moving average of GBX 4,302.03. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.56 and a current ratio of 5.09. The company has a market capitalization of £2.67 billion and a P/E ratio of 21.97.

In related news, insider William Lee acquired 1,324 shares of the company’s stock in a transaction on Monday, April 11th. The shares were acquired at an average cost of GBX 3,746 ($45.47) per share, for a total transaction of £49,597.04 ($60,197.89).

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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