Mark Harper Acquires 95,000 Shares of Renold plc (LON:RNO) Stock
Renold plc (LON:RNO) insider Mark Harper bought 95,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was purchased at an average cost of GBX 25 ($0.33) per share, for a total transaction of £23,750 ($31,033.58).
LON RNO opened at GBX 26.20 ($0.34) on Friday. 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. The firm has a fifty day moving average price of GBX 31.90. Renold plc has a 1 year low of GBX 22.10 ($0.29) and a 1 year high of GBX 40.80 ($0.53). The firm has a market cap of $59.06 million and a P/E ratio of 8.19.
Separately, Peel Hunt reissued a “hold” rating and issued a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday.
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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