Renishaw (LON:RSW) Share Price Crosses Above Two Hundred Day Moving Average of $3,597.55

Renishaw plc (LON:RSW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,597.55 ($45.46) and traded as high as GBX 4,264 ($53.89). Renishaw shares last traded at GBX 4,150 ($52.45), with a volume of 86,619 shares traded.

Renishaw Price Performance

The company’s 50-day simple moving average is GBX 4,041.02 and its 200 day simple moving average is GBX 3,597.55. The stock has a market capitalization of £3.02 billion, a price-to-earnings ratio of 3,097.01, a P/E/G ratio of 3.73 and a beta of 0.76. The company has a quick ratio of 3.10, a current ratio of 6.17 and a debt-to-equity ratio of 1.69.

Renishaw Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 7th will be paid a GBX 16.80 ($0.21) dividend. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 7th. Renishaw’s payout ratio is 5,671.64%.

About Renishaw

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.