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RB Global (TSE:RBA) Shares Pass Above Two Hundred Day Moving Average - Here's Why

RB Global logo with Industrials background

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA crossed 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 changing hands.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded RB Global to a "strong-buy" rating in a report on Thursday, September 5th.

Get Our Latest Report on RBA

RB Global Stock Performance

The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 80.04. The stock has a market cap of C$22.22 billion, a PE ratio of 48.41, a P/E/G ratio of 2.43 and a beta of 0.93. The business's 50-day moving average price is C$113.40 and its 200-day moving average price is C$107.41.

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

RB Global Increases Dividend

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

Insider Buying and Selling

In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business's stock in a transaction 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 owned by company insiders.

About RB Global

(Get Free Report)

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.

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