Renold (LON:RNO) Stock Price Up 40.5% – What’s Next?

Renold plc (LON:RNO)’s stock price shot up 40.5% on Tuesday . The stock traded as high as GBX 78.60 ($1.05) and last traded at GBX 76.72 ($1.02). 8,440,536 shares changed hands during trading, an increase of 1,088% from the average session volume of 710,234 shares. The stock had previously closed at GBX 54.60 ($0.73).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Renold in a report on Tuesday.

Renold Stock Performance

The firm has a fifty day simple moving average of GBX 44.72 and a 200-day simple moving average of GBX 46.77. The company has a market cap of £185.16 million, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 1.73 and a debt-to-equity ratio of 150.00.

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.