Renold (LON:RNO) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Renold plc (LON:RNO) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 52.66 ($0.65) and traded as low as GBX 50.60 ($0.63). Renold shares last traded at GBX 53 ($0.66), with a volume of 360,564 shares changing hands.

Renold Stock Down 1.1 %

The stock has a market cap of £103.67 million, a price-to-earnings ratio of 748.57, a P/E/G ratio of 0.10 and a beta of 0.76. The business has a fifty day moving average of GBX 48.53 and a 200 day moving average of GBX 52.61. The company has a debt-to-equity ratio of 115.14, a current ratio of 1.68 and a quick ratio of 0.80.

Renold (LON:RNO) last announced its quarterly earnings results on Wednesday, November 20th. The company reported GBX 4.20 ($0.05) EPS for the quarter. Renold had a net margin of 7.08% and a return on equity of 38.30%. On average, equities analysts predict that Renold plc will post 7.7333333 earnings per share for the current year.

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.