Robinson (LON:RBN) Stock Passes Below 200 Day Moving Average – Here’s Why

Robinson plc (LON:RBNGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 107.55 ($1.35) and traded as low as GBX 102.50 ($1.29). Robinson shares last traded at GBX 104.95 ($1.32), with a volume of 15 shares changing hands.

Robinson Trading Up 2.4 %

The stock has a market capitalization of £17.58 million, a P/E ratio of 3,498.33 and a beta of 0.72. The company has a current ratio of 1.32, a quick ratio of 1.41 and a debt-to-equity ratio of 39.31. The business has a 50-day moving average price of GBX 103.93 and a two-hundred day moving average price of GBX 107.53.

Robinson Company Profile

(Get Free Report)

Robinson plc engages in the manufacture and sale of plastic and paperboard packaging products in the United Kingdom, Poland, Denmark, Holland, Hungary, Belgium, and internationally. It provides various plastic packaging products comprising HDPE and PP bottles, and PET bottles; pots, tubs, and containers; caps, closures, and over caps; various jars; and custom packaging services.

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