The Rank Group (LON:RNK) Stock Crosses Above 200-Day Moving Average of $74.81

The Rank Group Plc (LON:RNK)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 reaffirmed a “buy” rating on shares of The Rank Group in a report on Thursday, August 15th.

The Rank Group Stock Performance

The stock’s 50 day simple moving average is GBX 73.72 and its two-hundred day simple moving average is GBX 74.87. The company has a market capitalization of £374.74 million, a P/E ratio of 2,666.67, a P/E/G ratio of 1.75 and a beta of 2.47. The company has a debt-to-equity ratio of 58.20, a current ratio of 0.47 and a quick ratio of 0.65.

The Rank Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be given a GBX 0.85 ($0.01) dividend. This represents a yield of 1.21%. The ex-dividend date is Thursday, September 19th. The Rank Group’s dividend payout ratio (DPR) is presently 3,333.33%.

Insiders Place Their Bets

In other news, insider Richard Harris bought 30,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 76 ($1.00) per share, with a total value of £22,800 ($30,118.89). Company insiders own 60.50% of the company’s stock.

About The Rank Group

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.