Renold (LON:RNO) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Renold plc (LON:RNO) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Trading Down 1.1 %

The company has a market capitalization of £103.67 million, a P/E ratio of 748.57, a P/E/G ratio of 0.10 and a beta of 0.76. The company has a 50-day simple moving average of GBX 48.53 and a 200 day simple moving average of GBX 52.61. The company has a debt-to-equity ratio of 115.14, a quick ratio of 0.80 and a current ratio of 1.68.

Renold (LON:RNO) last released its 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%. Sell-side analysts expect that Renold plc will post 7.7333333 earnings per share for the current year.

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.