Renold plc (LON:RNO - Get Free Report)'s stock price shot up 0.3% during trading on Wednesday . The company traded as high as GBX 74.60 ($1.01) and last traded at GBX 73.20 ($0.99). 8,580,372 shares traded hands during mid-day trading, an increase of 983% from the average session volume of 792,400 shares. The stock had previously closed at GBX 73 ($0.99).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "buy" rating on shares of Renold in a report on Tuesday, May 20th.
Get Our Latest Report on Renold
Renold Stock 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 47.56 and its two-hundred day simple moving average is GBX 47.36. The stock has a market cap of £178.60 million, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76.
About Renold
(
Get Free Report)
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.
Featured Articles
Before you consider Renold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Renold wasn't on the list.
While Renold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
