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RM (LON:RM) Shares Pass Above Fifty Day Moving Average - Here's What Happened

RM logo with Computer and Technology background

Shares of RM plc (LON:RM - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 80.26 ($1.04) and traded as high as GBX 81.07 ($1.05). RM shares last traded at GBX 80 ($1.04), with a volume of 3,578 shares traded.

RM Stock Performance

The firm has a market capitalization of £65.98 million, a P/E ratio of -136.64, a price-to-earnings-growth ratio of 0.40 and a beta of 2.19. The stock has a 50-day simple moving average of GBX 80.25 and a two-hundred day simple moving average of GBX 81.71. The company has a current ratio of 1.00, a quick ratio of 0.38 and a debt-to-equity ratio of 543.30.

Insider Buying and Selling

In related news, insider Mark Cook bought 3,572 shares of the business's stock in a transaction on Thursday, August 8th. The shares were bought at an average price of GBX 83 ($1.08) per share, for a total transaction of £2,964.76 ($3,844.85). 20.14% of the stock is currently owned by insiders.

About RM

(Get Free Report)

RM plc supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally. It operates through three divisions: RM TTS, RM Assessment, and RM Technology. The company designs and owns proprietary products for schools; and offers platform delivery of digital assessment and exam marking solutions for accreditors, educators, and learners.

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