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

Renold plc (LON:RNO) 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 Up 4.7 %

The company has a market cap of £104.86 million, a PE ratio of 757.14, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76. The company’s 50 day simple moving average is GBX 48.39 and its two-hundred day simple moving average is GBX 52.66. 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 issued 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%. As a group, sell-side 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.