Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) shares dropped 15.5% during mid-day trading on Friday . The company traded as low as $12.59 and last traded at $12.79. Approximately 1,535,916 shares traded hands during trading, an increase of 108% from the average daily volume of 737,418 shares. The stock had previously closed at $15.1350.
Renesas Electronics Stock Performance
The business’s 50 day moving average price is $10.39 and its 200-day moving average price is $8.60.
Renesas Electronics (OTCMKTS:RNECY – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $373.76 billion.
About Renesas Electronics
Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.
The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.
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