Shore Capital Reaffirms Buy Rating for Renold (LON:RNO)

Renold (LON:RNO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Renold Trading Up 34.8%

LON RNO traded up GBX 19 ($0.25) on Tuesday, hitting GBX 73.60 ($0.98). 11,770,708 shares of the company were exchanged, compared to its average volume of 744,576. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80. Renold has a twelve month low of GBX 35.19 ($0.47) and a twelve month high of GBX 78.60 ($1.05). The company’s 50 day moving average price is GBX 44.72 and its 200-day moving average price is GBX 46.77. The firm has a market capitalization of £177.64 million, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76.

Renold Company Profile

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.