Renold (LON:RNO) Trading Up 34.3% – Here’s What Happened

Renold plc (LON:RNO)’s share price rose 34.3% on Tuesday . The stock traded as high as GBX 78.60 ($1.05) and last traded at GBX 73.35 ($0.98). Approximately 10,998,427 shares were traded during mid-day trading, an increase of 1,393% from the average daily volume of 736,879 shares. The stock had previously closed at GBX 54.60 ($0.73).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Renold in a research report on Wednesday, April 23rd.

Renold Trading Up 34.3%

The firm has a market capitalization of £177.03 million, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80. The company has a fifty day moving average of GBX 44.72 and a 200-day moving average of GBX 46.77.

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.