RM (LON:RM) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

RM plc (LON:RM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.95 and traded as low as GBX 98. RM shares last traded at GBX 98.40, with a volume of 18,398 shares changing hands.

RM Stock Performance

The company has a market cap of £82.78 million, a P/E ratio of -1.78, a P/E/G ratio of 0.40 and a beta of 1.66. 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 business has a fifty day simple moving average of GBX 97.26 and a two-hundred day simple moving average of GBX 98.95.

RM (LON:RM) last released its quarterly earnings results on Tuesday, July 14th. The company reported GBX (2.10) earnings per share (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 anticipate that RM plc will post 13.5042735 EPS for the current 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.