Renold (LON:RNO) Announces Quarterly Earnings Results

Renold (LON:RNO) issued its quarterly earnings data on Tuesday. The company reported GBX 2.90 ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 2.20 ($0.03) by GBX 0.70 ($0.01), Digital Look Earnings reports.

LON:RNO traded up GBX 1.44 ($0.02) during trading hours on Tuesday, hitting GBX 9.23 ($0.12). The stock had a trading volume of 3,240,244 shares, compared to its average volume of 116,013. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 2,993.75. Renold has a 1-year low of GBX 4 ($0.05) and a 1-year high of GBX 35.50 ($0.45). The business has a 50 day simple moving average of GBX 7.07 and a two-hundred day simple moving average of GBX 12.35. The company has a market cap of $20.80 million and a PE ratio of 3.55.

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Renold in a research report on Thursday, June 11th.

About Renold

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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