Renault (OTCMKTS:RNLSY) Shares Gap Up – What’s Next?

Renault (OTCMKTS:RNLSY) gapped up before the market opened on Friday . The stock had previously closed at $6.37, but opened at $6.80. Renault shares last traded at $6.80, with a volume of 3,580 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays cut Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Renault presently has a consensus rating of “Reduce”.

Renault Trading Up 2.5%

The company has a 50 day moving average of $6.25 and a two-hundred day moving average of $6.59.

About Renault

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.