Renold (LON:RNO) Share Price Passes Below Two Hundred Day Moving Average of $52.94

Renold plc (LON:RNO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 52.94 ($0.71) and traded as low as GBX 52.57 ($0.70). Renold shares last traded at GBX 53.20 ($0.71), with a volume of 292,252 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “not rated” rating on shares of Renold in a research note on Wednesday, July 17th.

Renold Stock Performance

The firm has a market cap of £106.44 million, a P/E ratio of 760.00, 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. The firm has a fifty day moving average of GBX 56.17 and a 200-day moving average of GBX 52.94.

Renold Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 8th. Renold’s dividend payout ratio is 1,428.57%.

About Renold

Renold plc engages manufacturing 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 through two segments, Chain and Torque Transmission. It offers inverted tooth chain; and transmission chain including general transmission, low maintenance, abrasion and corrosion resistant, and drive chain, as well as klik-top polymer block chain and standard attachment chain.