Shares of Renesas Electronics Co. (OTCMKTS:RNECF – Get Free Report) traded down 12.2% during mid-day trading on Thursday . The company traded as low as $23.92 and last traded at $24.35. Approximately 27,883 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 32,195 shares. The stock had previously closed at $27.73.
Renesas Electronics Stock Performance
The firm has a 50 day simple moving average of $27.11 and a two-hundred day simple moving average of $20.48.
About Renesas Electronics
Renesas Electronics Corporation is a global semiconductor company headquartered in Tokyo, Japan, specializing in microcontrollers, microprocessors, analog and power devices. The company offers a diversified product portfolio that includes general-purpose and real-time MCUs, automotive system-on-chip (SoC) solutions, analog ICs, power management products, and connectivity devices. Its solutions are designed to meet the needs of applications ranging from automotive safety and electrification to industrial automation, Internet of Things (IoT) systems and communications infrastructure.
Established in April 2010 through the merger of NEC Electronics Corporation and Renesas Technology Corporation, Renesas has grown through both organic research and development and strategic acquisitions.
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