Royal Mail (LON:RMG) Shares Pass Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Royal Mail plc (LON:RMG – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 207 ($2.69) and traded as low as GBX 196.90 ($2.56). Royal Mail shares last traded at GBX 207 ($2.69), with a volume of 4,361,451 shares.

Royal Mail Stock Performance

The company has a debt-to-equity ratio of 41.49, a quick ratio of 1.02 and a current ratio of 1.10. The company has a market cap of £1.98 billion and a price-to-earnings ratio of 339.34. The company’s 50 day moving average price is GBX 207 and its 200 day moving average price is GBX 207.

Royal Mail Company Profile

(Get Free Report)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters. In addition, the company operates ground-based parcel delivery networks in Europe that covers 40 countries and nation states.

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