Renold (LON:RNO) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Renold plc (LON:RNO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 51.97 ($0.65) and traded as low as GBX 45.50 ($0.57). Renold shares last traded at GBX 46.70 ($0.59), with a volume of 497,300 shares trading hands.

Renold Price Performance

The stock has a fifty day moving average of GBX 48.59 and a two-hundred day moving average of GBX 51.76. The stock has a market capitalization of £107.64 million, a price-to-earnings ratio of 5.51, a PEG ratio of 0.10 and a beta of 0.76. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 150.00.

Renold (LON:RNO) last released its 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 research analysts forecast that Renold plc will post 7.7333333 earnings per share for the current year.

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.