RM (LON:RM) Stock Passes Below 50-Day Moving Average of $258.57

RM plc (LON:RM)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $258.57 and traded as low as $266.00. RM shares last traded at $271.50, with a volume of 176,787 shares trading hands.

Several brokerages recently weighed in on RM. Numis Securities reaffirmed a “buy” rating on shares of RM in a report on Friday, June 14th. Peel Hunt reaffirmed a “buy” rating on shares of RM in a report on Monday, July 8th.

The company has a quick ratio of 0.53, a current ratio of 1.06 and a debt-to-equity ratio of 54.85. The business’s fifty day simple moving average is GBX 259.82 and its two-hundred day simple moving average is GBX 244. The company has a market cap of $227.30 million and a price-to-earnings ratio of 12.26.

The business also recently disclosed a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 0.8%. RM’s payout ratio is currently 0.36%.

RM Company Profile (LON:RM)

RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.

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