Renold (LON:RNO) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Renold plc (LON:RNO) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 52.66 ($0.65) and traded as low as GBX 50.60 ($0.63). Renold shares last traded at GBX 53 ($0.66), with a volume of 360,564 shares traded.

Renold Price Performance

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 firm has a market cap of £104.86 million, a price-to-earnings ratio of 757.14, a PEG ratio of 0.10 and a beta of 0.76. The company’s 50-day moving average price is GBX 48.39 and its 200-day moving average price is GBX 52.66.

Renold (LON:RNO) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX 4.20 ($0.05) EPS for the quarter. Renold had a net margin of 7.08% and a return on equity of 38.30%. On average, equities research analysts forecast that Renold plc will post 7.7333333 EPS 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.