Renold (LON:RNO) Stock Price Up 35.5% - Still a Buy?

Renold plc (LON:RNO - Get Free Report) shares were up 35.5% during trading on Tuesday . The company traded as high as GBX 78.60 ($1.06) and last traded at GBX 74 ($1.00). Approximately 10,738,978 shares changed hands during trading, an increase of 1,363% from the average daily volume of 734,176 shares. The stock had previously closed at GBX 54.60 ($0.74).

Wall Street Analysts Forecast Growth

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

Renold Stock Up 0.8%

The company has a quick ratio of 0.80, a current ratio of 1.73 and a debt-to-equity ratio of 150.00. The business has a fifty day simple moving average of GBX 47.56 and a two-hundred day simple moving average of GBX 47.39. The company has a market capitalization of £178.60 million, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.10 and a beta of 0.76.

About Renold

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.