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Renold (LON:RNO) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Renold logo with Industrials background

Shares of Renold plc (LON:RNO - Get Free Report) passed 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 ($0.58). Renold shares last traded at GBX 46.70 ($0.59), with a volume of 497,300 shares changing hands.

Renold Stock Down 1.2 %

The stock has a market capitalization of £100.89 million, a price-to-earnings ratio of 5.16, a PEG ratio of 0.10 and a beta of 0.76. The company has a debt-to-equity ratio of 150.00, a current ratio of 1.73 and a quick ratio of 0.80. The business has a fifty day moving average of GBX 48.48 and a 200 day moving average of GBX 51.63.

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

About Renold

(Get Free Report)

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.

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