Renishaw (RNSHF) Rating Lowered to Sell at Zacks Investment Research

Renishaw (NASDAQ:RNSHF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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 $63.20 during trading on Wednesday. The company has a market cap of $4.60 billion and a PE ratio of 39.18. The company has a 50-day moving average price of $62.45 and a 200 day moving average price of $61.82. Renishaw has a 12 month low of $30.35 and a 12 month high of $66.30.

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