Renold (LON:RNO) Shares Cross Above 200 Day Moving Average – What’s Next?

Renold plc (LON:RNO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 55.89 ($0.71) and traded as high as GBX 56.80 ($0.72). Renold shares last traded at GBX 53.80 ($0.68), with a volume of 260,329 shares changing hands.

Renold Stock Down 4.8 %

The stock’s 50 day simple moving average is GBX 53.40 and its two-hundred day simple moving average is GBX 55.89. The firm has a market cap of £101.29 million, a P/E ratio of 768.57, a P/E/G ratio of 0.10 and a beta of 0.76. 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 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.