Renold (LON:RNO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Renold plc (LON:RNO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Renold Price Performance

The stock has a fifty day moving average of GBX 50.12 and a 200-day moving average of GBX 54.38. The firm 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. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 115.14.

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.