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

Shares of Renold plc (LON:RNO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 53.11 ($0.65) and traded as low as GBX 47.30 ($0.58). Renold shares last traded at GBX 48.70 ($0.60), with a volume of 304,297 shares.

Renold Price Performance

The stock has a market cap of £96.35 million, a price-to-earnings ratio of 695.71, a P/E/G ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 115.14, a current ratio of 1.68 and a quick ratio of 0.80. The stock’s 50 day simple moving average is GBX 48.82 and its two-hundred day simple moving average is GBX 53.11.

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