Renold (LON:RNO) Shares Up 7.1% - Time to Buy?

Shares of Renold plc (LON:RNO - Get Free Report) traded up 7.1% during trading on Friday . The stock traded as high as GBX 81.80 ($1.11) and last traded at GBX 81.40 ($1.10). 4,367,489 shares were traded during trading, an increase of 488% from the average session volume of 742,505 shares. The stock had previously closed at GBX 76 ($1.03).

Analyst Upgrades and Downgrades

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

Renold Stock Up 10.8%

The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 150.00. The firm has a market cap of £203.22 million, a P/E ratio of 10.40, a PEG ratio of 0.10 and a beta of 0.76. The company's 50 day simple moving average is GBX 57.25 and its 200-day simple moving average is GBX 49.60.

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.