Renold (LON:RNO) Receives “Buy” Rating from Shore Capital

Renold (LON:RNO)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a note issued to investors on Tuesday,Digital Look reports.

Renold Stock Up 4.9 %

Shares of RNO opened at GBX 40.30 ($0.52) on Tuesday. Renold has a 12 month low of GBX 35.19 ($0.46) and a 12 month high of GBX 66.33 ($0.86). The firm’s 50 day moving average is GBX 45.35 and its 200-day moving average is GBX 49.58. The stock has a market capitalization of £97.26 million, a PE ratio of 4.98, a P/E/G 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.

About Renold

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.