Renold (LON:RNO) Posts Quarterly Earnings Results

Renold (LON:RNO - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 9 ($0.12) earnings per share (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 ($1.09) on Thursday. 621,717 shares of the company's stock were exchanged, compared to its average volume of 1,134,479. The company has a market cap of £194.05 million, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. Renold has a 52 week low of GBX 35.19 ($0.48) and a 52 week high of GBX 88 ($1.20). The business has a fifty day simple moving average of GBX 70.28 and a 200-day simple moving average of GBX 53.65. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of Renold in a report 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.