Renold (LON:RNO) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Renold plc (LON:RNOGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 54.38 ($0.68) and traded as low as GBX 45.70 ($0.58). Renold shares last traded at GBX 49.70 ($0.63), with a volume of 107,036 shares trading hands.

Renold Stock Up 4.2 %

The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 115.14. The business has a 50-day simple moving average of GBX 50.12 and a two-hundred day simple moving average of GBX 54.30. The stock has a market capitalization of £98.33 million, a P/E ratio of 710.00, a PEG ratio of 0.10 and a beta of 0.76.

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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