Renishaw (NASDAQ:RNSHF) Cut to “Hold” at Zacks Investment Research

Renishaw (NASDAQ:RNSHF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, July 12th.

According to Zacks, “Renishaw plc is an engineering and scientific technology company. Its product includes metrology and inspection equipment, spectroscopy systems and computer aided design and manufacturing systems. Renishaw plc is headquartered in Wotton-under-Edge, the United Kingdom. “

Shares of Renishaw (NASDAQ RNSHF) remained flat at $56.90 during midday trading on Wednesday. Renishaw has a 12-month low of $30.35 and a 12-month high of $57.00. The stock has a market capitalization of $4.14 billion and a price-to-earnings ratio of 35.25.

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