Posted by admin on Aug 5th, 2022

Shares of Renishaw plc (LON:RSW – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,124.96 ($50.54) and traded as high as GBX 4,334.70 ($53.11). Renishaw shares last traded at GBX 4,290 ($52.57), with a volume of 47,841 shares trading hands.

RSW has been the subject of several analyst reports. Berenberg Bank decreased their target price on shares of Renishaw from GBX 6,600 ($80.87) to GBX 5,100 ($62.49) and set a “buy” rating for the company in a research note on Friday, May 13th. Barclays decreased their target price on shares of Renishaw from GBX 4,200 ($51.46) to GBX 3,975 ($48.71) and set an “underweight” rating for the company in a research note on Wednesday, July 20th.

The stock’s 50 day simple moving average is GBX 3,977.07 and its 200 day simple moving average is GBX 4,124.96. 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 stock has a market capitalization of £3.12 billion and a P/E ratio of 2,451.43.

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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