Renold (LON:RNO) Releases Earnings Results

Renold (LON:RNO - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 9 ($0.12) EPS for the quarter, Digital Look Earnings reports. Renold had a return on equity of 32.63% and a net margin of 7.08%.

Renold Stock Performance

RNO remained flat at GBX 80.40 ($1.09) on Wednesday. 681,730 shares of the company traded hands, compared to its average volume of 1,138,393. The stock has a market cap of £194.05 million, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.10 and a beta of 0.76. Renold has a 12-month low of GBX 35.19 ($0.48) and a 12-month high of GBX 88 ($1.20). The stock's 50-day simple moving average is GBX 69.62 and its two-hundred day simple moving average is GBX 53.46. The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "buy" rating on shares of Renold in a research note on Tuesday, May 20th.

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.