Renold (LON:RNO) Trading Up 8.3% - Here's Why

Renold plc (LON:RNO - Get Free Report)'s stock price was up 8.3% on Friday . The stock traded as high as GBX 77.30 ($1.05) and last traded at GBX 76 ($1.03). Approximately 2,065,665 shares were traded during trading, an increase of 191% from the average daily volume of 710,139 shares. The stock had previously closed at GBX 70.20 ($0.95).

Analyst Upgrades and Downgrades

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

Renold Price Performance

The firm's fifty day moving average price is GBX 57.25 and its 200 day moving average price is GBX 49.60. 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 stock has a market cap of £203.22 million, a PE ratio of 10.40, a P/E/G ratio of 0.10 and a beta of 0.76.

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.