Renold’s (RNO) “Buy” Rating Reaffirmed at Shore Capital

Renold (LON:RNO)‘s stock had its “buy” rating restated by analysts at Shore Capital in a report issued on Tuesday,Digital Look reports.

Renold Price Performance

Shares of LON RNO traded up GBX 19 ($0.25) during trading on Tuesday, hitting GBX 73.60 ($0.98). The company had a trading volume of 11,770,708 shares, compared to its average volume of 744,576. The stock has a fifty day simple moving average of GBX 44.72 and a two-hundred day simple moving average of GBX 46.77. The company has a quick ratio of 0.80, a current ratio of 1.73 and a debt-to-equity ratio of 150.00. The firm has a market capitalization of £177.64 million, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. Renold has a fifty-two week low of GBX 35.19 ($0.47) and a fifty-two week high of GBX 78.60 ($1.05).

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.