Renold (LON:RNO) Trading 0.3% Higher - Should You Buy?

Renold plc (LON:RNO - Get Free Report)'s share price rose 0.3% during mid-day trading on Wednesday . The stock traded as high as GBX 74.60 ($1.01) and last traded at GBX 73.20 ($0.99). Approximately 8,580,372 shares changed hands during trading, an increase of 983% from the average daily volume of 792,400 shares. The stock had previously closed at GBX 73 ($0.99).

Analyst Upgrades and Downgrades

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

Renold Price Performance

The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80. The stock has a market cap of £178.60 million, a P/E ratio of 9.14, a P/E/G ratio of 0.10 and a beta of 0.76. The company's 50 day simple moving average is GBX 47.56 and its 200 day simple moving average is GBX 47.36.

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.