Renold (LON:RNO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Renold plc (LON:RNO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 46.82 ($0.62) and traded as high as GBX 47.60 ($0.63). Renold shares last traded at GBX 47.60 ($0.63), with a volume of 931,578 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renold in a research note on Wednesday, April 23rd.

Renold Stock Down 0.2 %

The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73. The stock’s 50 day moving average price is GBX 41.89 and its 200-day moving average price is GBX 46.82. The company has a market cap of £113.92 million, a PE ratio of 5.83, a PEG ratio of 0.10 and a beta of 0.76.

About Renold

Renold plc engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally. The company operates in two segments, Chain and Torque Transmission. It offers inverted tooth chain products; and transmission chain products, including general transmission, low maintenance, abrasion and corrosion resistant, and drive chain, as well as klik-top polymer block chain and standard attachment chain.