Renold (LON:RNO) Stock Price Crosses Below Two Hundred Day Moving Average of $29.33

Renold plc (LON:RNO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.33 and traded as low as $22.00. Renold shares last traded at $22.00, with a volume of 24 shares trading hands.

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Renold in a research note on Tuesday, July 9th.

The firm has a 50 day moving average of GBX 25.82 and a two-hundred day moving average of GBX 29.33. The stock has a market cap of $51.85 million and a P/E ratio of 7.19. The company has a debt-to-equity ratio of 2,993.75, a quick ratio of 1.25 and a current ratio of 2.36.

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

About Renold (LON:RNO)

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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