Renold (LON:RNO) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Renold plc's shares have surpassed their 200-day moving average, indicating a potential bullish trend, with shares trading at GBX 80.74 ($1.09).
• Shore Capital has maintained a "buy" rating for Renold, and the stock currently holds an average rating of "Buy" from analysts.
• Renold reported a net margin of 7.08% and an earnings per share (EPS) of GBX 9 for the last quarter, with expectations to post approximately 7.73 EPS for the current fiscal year.

Renold plc (LON:RNO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 61.46 ($0.83) and traded as high as GBX 81 ($1.09). Renold shares last traded at GBX 80.74 ($1.09), with a volume of 4,997,385 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating on shares of Renold in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Renold has an average rating of "Buy".

Renold Price Performance

The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73. The stock's 50 day simple moving average is GBX 80.51 and its 200 day simple moving average is GBX 61.87. The firm has a market capitalization of £160.97 million, a P/E ratio of 1,224.24, a P/E/G ratio of 0.10 and a beta of 0.76.

Renold (LON:RNO - Get Free Report) last released its quarterly earnings data on Wednesday, July 9th. The company reported GBX 9 earnings per share (EPS) for the quarter. Renold had a net margin of 7.08% and a return on equity of 32.63%. As a group, analysts expect that Renold plc will post 7.7333333 earnings per share for the current fiscal year.

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.