Renishaw (LON:RSW) Stock Price Down 9.2% – Here’s Why

Renishaw plc (LON:RSW)’s share price dropped 9.2% during mid-day trading on Friday . The stock traded as low as GBX 2,975 ($37.44) and last traded at GBX 3,249.18 ($40.90). Approximately 613,964 shares were traded during trading, an increase of 330% from the average daily volume of 142,919 shares. The stock had previously closed at GBX 3,580 ($45.06).

Renishaw Stock Up 0.9 %

The business’s 50-day moving average is GBX 3,389.90 and its two-hundred day moving average is GBX 3,392.09. The firm has a market capitalization of £2.30 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 3.73 and a beta of 0.63. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81.

Renishaw (LON:RSW) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX 63.20 ($0.80) earnings per share (EPS) for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. On average, equities analysts anticipate that Renishaw plc will post 159.8984772 earnings per share for the current year.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together.