RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$107.30 and traded as high as C$120.20. RB Global shares last traded at C$119.55, with a volume of 136,719 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets raised shares of RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

RB Global Stock Down 0.6 %

The company’s 50 day moving average price is C$113.61 and its two-hundred day moving average price is C$107.53. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04. The stock has a market cap of C$22.09 billion, a P/E ratio of 48.73, a P/E/G ratio of 2.43 and a beta of 0.93.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.82 by C($0.08). RB Global had a net margin of 8.68% and a return on equity of 6.61%. The company had revenue of C$1.50 billion for the quarter, compared to the consensus estimate of C$1.54 billion. As a group, research analysts expect that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently disclosed a 1 dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, January 1st were issued a dividend of $1.602 per share. This is a positive change from RB Global’s previous 1 dividend of $1.49. The ex-dividend date was Wednesday, September 18th. RB Global’s dividend payout ratio (DPR) is presently 64.23%.

Insider Activity at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of RB Global stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total transaction of C$256,650.00. 0.29% of the stock is currently owned by corporate insiders.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.