Renold (LON:RNO) Stock Price Up 0.3% - Still a Buy?

Renold plc (LON:RNO - Get Free Report) traded up 0.3% during trading on Wednesday . The company traded as high as GBX 74.60 ($1.00) and last traded at GBX 73.20 ($0.98). 8,580,372 shares traded hands during trading, an increase of 983% from the average session volume of 792,400 shares. The stock had previously closed at GBX 73 ($0.98).

Wall Street Analysts Forecast Growth

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

Renold Stock Performance

The firm's fifty day moving average is GBX 45.49 and its 200 day moving average is GBX 46.97. The firm has a market capitalization of £172.44 million, a price-to-earnings ratio of 8.82, a PEG ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80.

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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