RB Global (TSE:RBA) Stock Jumps 2.8% – Should You Buy?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) was up 2.8% during mid-day trading on Monday. The stock traded as high as C$138.78 and last traded at C$135.56. Approximately 667,723 shares changed hands during trading, an increase of 108% from the average daily volume of 321,671 shares. The stock had previously closed at C$131.85.

RB Global Trading Up 2.8%

The company has a market cap of C$25.11 billion, a P/E ratio of 58.43, a P/E/G ratio of 2.43 and a beta of 0.08. The business has a fifty day simple moving average of C$119.30 and a 200 day simple moving average of C$137.23. The company has a debt-to-equity ratio of 74.64, a quick ratio of 0.99 and a current ratio of 1.31.

Insider Activity

In other news, Director Chloe Harford purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of C$118.12 per share, with a total value of C$141,744.00. Following the transaction, the director owned 1,200 shares in the company, valued at approximately C$141,744. The trade was a ∞ increase in their position. Corporate insiders own 0.29% of the company’s stock.

About RB Global

RB Global, Inc (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.