Renesas Electronics (OTCMKTS:RNECY) Trading Down 1.4% – Time to Sell?

Renesas Electronics Co. (OTCMKTS:RNECYGet Free Report)’s share price fell 1.4% on Friday . The company traded as low as $7.58 and last traded at $7.64. 349,076 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 626,755 shares. The stock had previously closed at $7.75.

Renesas Electronics Stock Performance

The company has a 50 day moving average of $7.57 and a two-hundred day moving average of $7.09.

Renesas Electronics (OTCMKTS:RNECYGet Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.12 earnings per share for the quarter.

Renesas Electronics Company Profile

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Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.

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