Renold (LON:RNO) Earns Buy Rating from Shore Capital

Renold (LON:RNO)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a report released on Tuesday,Digital Look reports.

Renold Stock Performance

Shares of LON RNO traded up GBX 3.03 ($0.04) during mid-day trading on Tuesday, hitting GBX 47.03 ($0.62). The company had a trading volume of 3,681,719 shares, compared to its average volume of 708,258. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 150.00. Renold has a 1 year low of GBX 35.19 ($0.46) and a 1 year high of GBX 66.33 ($0.87). The company has a market capitalization of £113.52 million, a price-to-earnings ratio of 5.81, a P/E/G ratio of 0.10 and a beta of 0.76. The stock’s 50-day moving average price is GBX 42.02 and its 200-day moving average price is GBX 47.37.

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.