Renishaw (LON:RSW) Hits New 52-Week Low - What's Next?

Renishaw plc (LON:RSW - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 2,100 ($27.83) and last traded at GBX 2,145 ($28.42), with a volume of 362808 shares changing hands. The stock had previously closed at GBX 2,150 ($28.49).

Renishaw Trading Up 5.4 %

The firm has a market cap of £1.63 billion, a PE ratio of 16.79, a PEG ratio of 3.73 and a beta of 0.63. The firm has a fifty day simple moving average of GBX 2,631.38 and a two-hundred day simple moving average of GBX 3,086.64. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05.

Renishaw (LON:RSW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported GBX 63.20 ($0.84) earnings per share for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. Equities analysts forecast that Renishaw plc will post 159.8984772 EPS for the current year.

Insider Buying and Selling

In other news, insider William Lee acquired 1,788 shares of the firm's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of GBX 2,237 ($29.64) per share, for a total transaction of £39,997.56 ($52,997.96). 53.31% of the stock is owned by insiders.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems. Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they're making. This technology also helps our customers to innovate their products and processes. We are guided by our purpose: Transforming Tomorrow Together.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.