Renold (LON:RNO) Receives "Buy" Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Renold (LON:RNO - Free Report) in a research report sent to investors on Tuesday morning,Digital Look reports.

Renold Price Performance

Shares of LON:RNO traded down GBX 0.20 ($0.00) during midday trading on Tuesday, reaching GBX 39.50 ($0.51). 572,073 shares of the company's stock traded hands, compared to its average volume of 670,272. Renold has a 1 year low of GBX 35.19 ($0.45) and a 1 year high of GBX 66.33 ($0.86). The company has a market cap of £95.33 million, a P/E ratio of 4.88, a PEG ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a quick ratio of 0.80 and a current ratio of 1.73. The company has a fifty day simple moving average of GBX 45 and a two-hundred day simple moving average of GBX 49.30.

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.