RB Global (TSE:RBA) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemRB Global, Inc. (TSE:RBA – Get Free Report) (NYSE:RBA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$147.69 and traded as low as C$143.26. RB Global shares last traded at C$143.39, with a volume of 105,497 shares.
Analyst Upgrades and Downgrades
Separately, National Bankshares set a C$124.00 target price on RB Global and gave the company an “outperform” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$124.00.
Check Out Our Latest Stock Analysis on RBA
RB Global Price Performance
The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28. The stock’s 50 day moving average price is C$140.28 and its two-hundred day moving average price is C$147.65. The firm has a market capitalization of C$26.16 billion, a price-to-earnings ratio of 67.29, a P/E/G ratio of 2.43 and a beta of 0.37.
RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last issued its earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%.The firm had revenue of C$1.52 billion for the quarter. Analysts anticipate that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.
RB Global Company Profile
Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.