Renold (LON:RNO) Trading Up 10.6% - Should You Buy?

Renold plc (LON:RNO - Get Free Report)'s share price rose 10.6% during trading on Friday . The company traded as high as GBX 85.20 ($1.16) and last traded at GBX 84.03 ($1.14). 15,748,045 shares traded hands during trading, an increase of 1,768% from the average daily volume of 843,217 shares. The stock had previously closed at GBX 76 ($1.03).

Analysts Set New Price Targets

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

Renold Price Performance

The stock has a market cap of £203.22 million, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73. The company has a 50-day simple moving average of GBX 56.43 and a two-hundred day simple moving average of GBX 49.36.

About Renold

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.