RM (LON:RM) Shares Cross Below 200 Day Moving Average – Here’s Why

RM plc (LON:RM)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 99.42 and traded as low as GBX 98. RM shares last traded at GBX 98, with a volume of 11,520 shares traded.

RM Stock Up 0.8%

The company has a debt-to-equity ratio of 248.73, a quick ratio of 0.38 and a current ratio of 1.04. The firm has a market cap of £84.72 million, a price-to-earnings ratio of -1.82, a PEG ratio of 0.40 and a beta of 1.66. The business’s 50 day moving average price is GBX 101.48 and its 200 day moving average price is GBX 99.31.

Insider Buying and Selling

In other RM news, insider Mark Cook sold 19,952 shares of RM stock in a transaction on Monday, October 5th. The shares were sold at an average price of GBX 100, for a total value of £19,952. Corporate insiders own 20.14% of the company’s stock.

RM Company Profile

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.