Renold plc (LON:RNO - Get Free Report)'s share price shot up 40.5% during mid-day trading on Wednesday . The company traded as high as GBX 78.60 ($1.06) and last traded at GBX 76.72 ($1.04). 8,440,536 shares traded hands during mid-day trading, an increase of 1,088% from the average session volume of 710,234 shares. The stock had previously closed at GBX 54.60 ($0.74).
Analyst Ratings Changes
Separately, Shore Capital reaffirmed a "buy" rating on shares of Renold in a report on Tuesday, May 20th.
Read Our Latest Report on RNO
Renold Price Performance
The firm has a market capitalization of £178.60 million, a PE ratio of 9.14, a P/E/G 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. The company has a 50-day moving average price of GBX 47.56 and a 200-day moving average price of GBX 47.36.
About Renold
(
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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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