Renault (OTCMKTS:RNLSY) Shares Gap Up – Still a Buy?

Renault (OTCMKTS:RNLSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.09, but opened at $8.6290. Renault shares last traded at $8.51, with a volume of 6,747 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on Renault in a research note on Sunday, November 23rd. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Renault Trading Up 6.4%

The business’s fifty day moving average is $8.01 and its 200 day moving average is $8.43.

Renault Company Profile

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. It also engages in the design and production of parts and equipment used for manufacturing and operation vehicles. The company operates through Automotive, Sale Financing, and Mobility Services segments.