Renold (LON:RNO) Stock Price Up 40.7% - Time to Buy?

Renold plc (LON:RNO - Get Free Report) rose 40.7% during trading on Tuesday . The company traded as high as GBX 78.60 ($1.06) and last traded at GBX 76.81 ($1.04). Approximately 8,659,974 shares changed hands during trading, an increase of 1,115% from the average daily volume of 712,520 shares. The stock had previously closed at GBX 54.60 ($0.74).

Analyst Upgrades and Downgrades

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

Renold Stock Up 0.8%

The firm has a market cap of £178.60 million, a price-to-earnings ratio of 9.14, a PEG ratio of 0.10 and a beta of 0.76. The business's 50 day moving average price is GBX 47.56 and its 200 day moving average price is GBX 47.39. The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73.

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.