Renault (OTCMKTS:RNSDF) Stock Price Down 11% – Time to Sell?

Shares of Renault SA (OTCMKTS:RNSDF) were down 11% on Tuesday . The stock traded as low as $32.94 and last traded at $32.94. Approximately 150 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 117 shares. The stock had previously closed at $37.00.

Analysts Set New Price Targets

Separately, Morgan Stanley cut Renault from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Renault currently has an average rating of “Sell”.

Renault Trading Down 11.0%

The stock’s 50-day moving average is $39.42 and its two-hundred day moving average is $38.98.

Renault Company Profile

Renault SA is a France-based multinational automobile manufacturer with a history dating back to its founding in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, near Paris, the company designs, manufactures and sells a wide range of passenger cars and light commercial vehicles. Renault is also known for its electric vehicle (EV) offerings—such as the ZOE, Kangoo Z.E. and Twizy—as well as its internal combustion-engine models including the Clio, Captur, Mégane and Arkana.

In addition to its core vehicle manufacturing operations, Renault provides financing, leasing and insurance services through its wholly owned subsidiary RCI Banque et Services.