Renesas Electronics (OTCMKTS:RNECF) Shares Down 1.2% – Here’s Why

Renesas Electronics Co. (OTCMKTS:RNECF)’s share price fell 1.2% during trading on Monday . The company traded as low as $12.78 and last traded at $12.89. 19,099 shares traded hands during trading, an increase of 89% from the average session volume of 10,114 shares. The stock had previously closed at $13.05.

Renesas Electronics Stock Down 1.2 %

The stock has a 50 day simple moving average of $14.07 and a 200-day simple moving average of $16.39.

About Renesas Electronics

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.