Renishaw (LON:RSW) Reaches New 12-Month Low – Here’s What Happened

Renishaw plc (LON:RSW)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 2,150 ($28.46) and last traded at GBX 2,160.29 ($28.59), with a volume of 125112 shares. The stock had previously closed at GBX 2,215 ($29.32).

Renishaw Price Performance

The firm has a market capitalization of £1.56 billion, a P/E ratio of 16.05, a PEG ratio of 3.73 and a beta of 0.63. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The company has a fifty day moving average of GBX 2,739.24 and a 200 day moving average of GBX 3,135.42.

Renishaw (LON:RSW) last issued its quarterly earnings results on Thursday, February 13th. The company reported GBX 63.20 ($0.84) earnings per share for the quarter. Renishaw had a return on equity of 10.94% and a net margin of 14.02%. Sell-side analysts predict that Renishaw plc will post 159.8984772 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William Lee bought 1,788 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of GBX 2,237 ($29.61) per share, for a total transaction of £39,997.56 ($52,941.84). Corporate insiders own 53.31% of the company’s stock.

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.