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Renold (LON:RNO) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Renold logo with Industrials background

Renold plc (LON:RNO - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 53.11 ($0.66) 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 changing hands.

Renold Price Performance

The company's 50 day simple moving average is GBX 48.70 and its 200 day simple moving average is GBX 53.03. 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 has a market cap of £96.94 million, a P/E ratio of 700.00, a P/E/G ratio of 0.10 and a beta of 0.76.

Renold (LON:RNO - Get Free Report) 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 return on equity of 38.30% and a net margin of 7.08%. As a group, equities analysts forecast that Renold plc will post 7.7333333 earnings per share for the current year.

Renold Company Profile

(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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