Renold (LON:RNO) Given “Buy” Rating at Peel Hunt

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Renold (LON:RNO)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Monday, ThisIsMoney.Co.Uk reports.

RNO stock opened at GBX 22 ($0.29) on Monday. The stock has a 50-day moving average price of GBX 22.68 and a two-hundred day moving average price of GBX 27.69. Renold has a 12-month low of GBX 21 ($0.27) and a 12-month high of GBX 39 ($0.51). The company has a current ratio of 2.36, a quick ratio of 1.25 and a debt-to-equity ratio of 2,993.75. The company has a market cap of $49.59 million and a PE ratio of 6.88.

Renold Company Profile

Renold plc manufactures and sells high precision engineered and power transmission products in the United Kingdom, rest of Europe, North America, and internationally. The company operates in two segments, Chain and Torque Transmission. It offers standard, welded steel, trident, and draw bench conveyor chains, as well as conveyor chains for theme parks; and bucket elevator, escalator, heavy duty drag, and waste water treatment chains, as well as standard attachments.

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