Renold (LON:RNO) Shares Up 11.1% - Time to Buy?

Renold plc (LON:RNO - Get Free Report) was up 11.1% on Friday . The company traded as high as GBX 85.20 ($1.16) and last traded at GBX 84.40 ($1.15). Approximately 10,631,252 shares were traded during trading, an increase of 1,232% from the average daily volume of 797,936 shares. The stock had previously closed at GBX 76 ($1.03).

Wall Street Analyst Weigh In

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

Renold Price Performance

The firm's 50 day simple moving average is GBX 56.43 and its two-hundred day simple moving average is GBX 49.36. The firm has a market capitalization of £203.22 million, a P/E ratio of 10.40, 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.

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.