Renold’s (RNO) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Renold (LON:RNO) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

LON:RNO opened at GBX 26.10 ($0.34) on Tuesday. The firm has a 50-day simple moving average of GBX 31.83. Renold has a twelve month low of GBX 22.10 ($0.29) and a twelve month high of GBX 40.80 ($0.53). The stock has a market cap of $58.83 million and a PE ratio of 8.16. The company has a current ratio of 2.36, a quick ratio of 1.25 and a debt-to-equity ratio of 2,993.75.

In other news, insider Mark Harper acquired 95,000 shares of Renold stock in a transaction dated Tuesday, July 9th. The shares were purchased at an average cost of GBX 25 ($0.33) per share, for a total transaction of £23,750 ($31,033.58).

Renold Company Profile

Renold plc manufactures and sells high precision engineered and power transmission products in the United Kingdom, rest of Europe, North America, and internationally. The company operates in 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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