Renold (LON:RNO) Posts Earnings Results

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

Renold Price Performance

Shares of LON RNO remained flat at GBX 80.40 ($1.08) during mid-day trading on Friday. 11,996,355 shares of the stock were exchanged, compared to its average volume of 1,218,216. Renold has a 52 week low of GBX 35.19 ($0.47) and a 52 week high of GBX 88 ($1.19). 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 stock has a market cap of £194.05 million, a PE ratio of 9.93, a PEG ratio of 0.10 and a beta of 0.76. The stock has a 50 day moving average of GBX 71.60 and a 200 day moving average of GBX 54.10.

Analysts Set New Price Targets

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

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.