The Rank Group Plc (LON:RNK - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 74.81 ($0.99) and traded as high as GBX 82 ($1.08). The Rank Group shares last traded at GBX 80 ($1.06), with a volume of 142,051 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a "buy" rating on shares of The Rank Group in a research report on Thursday, August 15th.
View Our Latest Stock Report on RNK
The Rank Group Price Performance
The firm has a market cap of £374.74 million, a PE ratio of 2,666.67, a price-to-earnings-growth ratio of 1.75 and a beta of 2.47. The company has a current ratio of 0.47, a quick ratio of 0.65 and a debt-to-equity ratio of 58.20. The company has a 50 day moving average price of GBX 73.57 and a 200 day moving average price of GBX 74.81.
The Rank Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, September 19th. The Rank Group's dividend payout ratio (DPR) is presently 3,333.33%.
Insiders Place Their Bets
In related news, insider Richard Harris acquired 30,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of GBX 76 ($1.00) per share, for a total transaction of £22,800 ($30,118.89). 60.50% of the stock is currently owned by company insiders.
About The Rank Group
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The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.
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