Renesas Electronics (OTCMKTS:RNECF) Trading Down 4.2% – Time to Sell?

Renesas Electronics Co. (OTCMKTS:RNECFGet Free Report)’s stock price was down 4.2% during mid-day trading on Friday . The company traded as low as $12.50 and last traded at $12.50. Approximately 254 shares changed hands during trading, a decline of 98% from the average daily volume of 11,732 shares. The stock had previously closed at $13.05.

Renesas Electronics Price Performance

The stock’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $15.29.

About Renesas Electronics

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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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