Renold (LON:RNO) Trading Up 40.5% - Here's What Happened

Renold plc (LON:RNO - Get Free Report)'s stock price was up 40.5% during mid-day trading on Tuesday . The company traded as high as GBX 78.60 ($1.05) and last traded at GBX 76.72 ($1.03). Approximately 8,440,536 shares were traded 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 research note on Tuesday.

Renold Stock Down 1.1%

The company has a market cap of £174.26 million, a P/E ratio of 8.92, a PEG ratio of 0.10 and a beta of 0.76. The stock 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.

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.

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