Renold (LON:RNO) Trading Up 34.3% – Should You Buy?

Renold plc (LON:RNO)’s share price traded up 34.3% during trading on Tuesday . The company traded as high as GBX 78.60 ($1.05) and last traded at GBX 73.35 ($0.98). 10,998,427 shares traded hands during mid-day trading, an increase of 1,393% from the average session volume of 736,879 shares. The stock had previously closed at GBX 54.60 ($0.73).

Analyst Upgrades and Downgrades

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

Renold Stock Up 34.3%

The firm has a market cap of £177.03 million, a PE ratio of 9.06, a P/E/G ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80. The business has a fifty day moving average price of GBX 44.72 and a two-hundred day moving average price of GBX 46.77.

Renold Company Profile

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.