Renold’s (RNO) “Buy” Rating Reiterated at Peel Hunt

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

Shares of RNO opened at GBX 29.75 ($0.39) on Friday. The company has a quick ratio of 1.08, a current ratio of 2.02 and a debt-to-equity ratio of 614.09. Renold has a 52-week low of GBX 22 ($0.29) and a 52-week high of GBX 40.80 ($0.53). The firm has a market capitalization of $67.06 million and a price-to-earnings ratio of -42.50.

About Renold

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.

Read More: How to interpret a stock’s beta number

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