RM (LON:RM) Share Price Passes Below 200 Day Moving Average – Here’s Why

RM plc (LON:RM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 98.48 and traded as low as GBX 97.98. RM shares last traded at GBX 98, with a volume of 16,756 shares.

RM Trading Up 1.0%

The stock’s fifty day simple moving average is GBX 96.59 and its two-hundred day simple moving average is GBX 98.48. The company has a quick ratio of 0.38, a current ratio of 1.04 and a debt-to-equity ratio of 248.73. The firm has a market cap of £82.78 million, a PE ratio of -1.78, a PEG ratio of 0.40 and a beta of 1.66.

RM (LON:RM) last announced its quarterly earnings data on Tuesday, July 14th. The company reported GBX (2.10) EPS for the quarter. RM had a net margin of 2.20% and a return on equity of 11.11%. On average, sell-side analysts forecast that RM plc will post 13.5042735 EPS for the current fiscal year.

About RM

RM plc supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally. It operates through three divisions: RM TTS, RM Assessment, and RM Technology. The company designs and owns proprietary products for schools; and offers platform delivery of digital assessment and exam marking solutions for accreditors, educators, and learners. It also provides technical teaching solutions, in which it collaborates with teachers and educational experts to create learning resources; platform-based managed services, ICT solutions, and value-added reseller services to schools, authorities, and trusts.