Renishaw (LON:RSW) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Renishaw plc (LON:RSW)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,546.18 and traded as high as GBX 4,380. Renishaw shares last traded at GBX 4,310.66, with a volume of 125,848 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Renishaw in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Renishaw currently has a consensus rating of “Hold” and an average target price of GBX 3,920.

Renishaw Trading Up 0.4%

The company has a 50-day moving average of GBX 3,772 and a 200 day moving average of GBX 3,546.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The company has a market cap of £3.15 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 68.80 earnings per share (EPS) for the quarter. Renishaw had a return on equity of 10.94% and a net margin of 14.02%. Analysts predict that Renishaw plc will post 159.8984772 earnings per share for the current year.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.