Shares of Renold plc (LON:RNO - Get Free Report) rose 40.5% during trading on Wednesday . The stock traded as high as GBX 78.60 ($1.05) and last traded at GBX 76.72 ($1.03). Approximately 8,440,536 shares traded hands during trading, an increase of 1,088% from the average daily volume of 710,234 shares. The stock had previously closed at GBX 54.60 ($0.73).
Analyst Ratings Changes
Separately, Shore Capital restated a "buy" rating on shares of Renold in a report on Tuesday.
Get Our Latest Report on Renold
Renold Trading Down 2.1%
The company has a 50-day moving average of GBX 45.49 and a 200 day moving average of GBX 46.97. 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 market cap of £172.44 million, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76.
About Renold
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Renold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Renold wasn't on the list.
While Renold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
