Posted by admin on Jul 15th, 2022
Renold plc (LON:RNO – Get Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 26.21 ($0.31) and traded as high as GBX 28.80 ($0.34). Renold shares last traded at GBX 26.25 ($0.31), with a volume of 877,610 shares trading hands.
The firm has a market capitalization of £59.17 million and a price-to-earnings ratio of 875.00. The business’s 50 day moving average price is GBX 27.15 and its 200-day moving average price is GBX 26.21. The company has a debt-to-equity ratio of 1,239.39, a current ratio of 1.84 and a quick ratio of 0.97.
Renold plc manufactures and sells high precision engineered power transmission products in the United Kingdom, rest of Europe, Americas, Australasia, China, India, and internationally. The company operates through two segments, Chain and Torque Transmission. It offers standard, welded steel, trident, and draw bench conveyor chains, as well as conveyor chains for theme parks; and bucket elevator, escalator, heavy duty drag, and waste water treatment chains, as well as standard attachments.
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