Renold (LON:RNO) Trading Up 38.8% - Should You Buy?

Shares of Renold plc (LON:RNO - Get Free Report) shot up 38.8% during mid-day trading on Tuesday . The company traded as high as GBX 78.60 ($1.06) and last traded at GBX 75.80 ($1.03). 9,777,690 shares were traded during mid-day trading, an increase of 1,250% from the average session volume of 724,163 shares. The stock had previously closed at GBX 54.60 ($0.74).

Wall Street Analysts Forecast Growth

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

Renold Trading Up 0.8%

The stock has a market cap of £178.60 million, a PE ratio of 9.14, a PEG ratio of 0.10 and a beta of 0.76. 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 fifty day simple moving average of GBX 47.56 and a two-hundred day simple moving average of GBX 47.39.

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.