Renold (LON:RNO) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Renold plc's stock price has risen above its 200-day moving average of GBX 62.84, reaching as high as GBX 80.80 during trading, indicating potential investor interest.
• Analysts, including Shore Capital, have reiterated a "buy" rating for Renold shares, with an average analyst rating of "Buy" according to MarketBeat.
• The company has reported a return on equity of 32.63% and a net margin of 7.08%, suggesting solid financial performance amidst high trading volumes.

Renold plc (LON:RNO - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 62.84 ($0.85) and traded as high as GBX 80.80 ($1.09). Renold shares last traded at GBX 80.60 ($1.09), with a volume of 7,978,044 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated 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, Based on data from MarketBeat, Renold presently has an average rating of "Buy".

Renold Stock Down 0.2%

The firm has a market cap of £160.57 million, a PE ratio of 1,221.21, a PEG ratio of 0.10 and a beta of 0.76. The firm has a 50 day moving average price of GBX 80.52 and a 200-day moving average price of GBX 62.84. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 150.00.

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

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