Renold (LON:RNO) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Renold plc (LON:RNO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 51.97 ($0.66) and traded as low as GBX 45.50 ($0.57). Renold shares last traded at GBX 46.70 ($0.59), with a volume of 497,300 shares trading hands.

Renold Trading Down 0.2 %

The business has a 50 day simple moving average of GBX 48.70 and a two-hundred day simple moving average of GBX 51.97. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 150.00. The stock has a market cap of £112.71 million, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.10 and a beta of 0.76.

Renold (LON:RNO) last issued its quarterly earnings data on Wednesday, November 20th. The company reported GBX 4.20 ($0.05) earnings per share for the quarter. Renold had a return on equity of 32.63% and a net margin of 7.08%. As a group, equities analysts anticipate that Renold plc will post 7.7333333 EPS 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.