Renold (LON:RNO) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Renold plc (LON:RNO) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 52.25 ($0.65) and traded as low as GBX 50.20 ($0.62). Renold shares last traded at GBX 51.60 ($0.64), with a volume of 38,493 shares trading hands.

Renold Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 115.14. The firm has a 50-day moving average of GBX 48.75 and a 200 day moving average of GBX 52.25. The stock has a market capitalization of £102.09 million, a P/E ratio of 737.14, a PEG ratio of 0.10 and a beta of 0.76.

Renold (LON:RNO) last released its quarterly earnings data 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%. Research analysts anticipate that Renold plc will post 7.7333333 EPS for the current fiscal 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.