RB Global (TSE:RBA) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) passed 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.

Analyst Upgrades and Downgrades

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

RB Global Stock Performance

The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29. The firm has a 50 day moving average of C$113.16 and a two-hundred day moving average of C$107.30. The stock has a market cap of C$22.03 billion, a P/E ratio of 48.60, a P/E/G ratio of 2.43 and a beta of 0.93.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data 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). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The company had revenue of C$1.50 billion during the quarter, compared to analyst estimates of C$1.54 billion. On average, research analysts predict that RB Global, Inc. will post 5.0577819 EPS for the current fiscal year.

RB Global Increases Dividend

The company also recently announced a 1 dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, January 1st were given a dividend of $1.602 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio (DPR) is 64.23%.

Insider Buying and Selling at RB Global

In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total transaction of C$256,650.00. Insiders own 0.29% of the company’s stock.

About RB Global

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.