Renold (LON:RNO) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Renold plc (LON:RNO)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 55.55 ($0.71) and traded as low as GBX 52.60 ($0.68). Renold shares last traded at GBX 55.60 ($0.72), with a volume of 835,912 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “not rated” rating on shares of Renold in a research note on Wednesday, July 17th.

Renold Stock Performance

The company has a market capitalization of £107.72 million, a P/E ratio of 777.86, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. The company’s 50 day moving average is GBX 53.74 and its 200-day moving average is GBX 55.62. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 115.14.

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.