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

RM plc (LON:RM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 104.28 and traded as low as GBX 95. RM shares last traded at GBX 99, with a volume of 164,375 shares traded.

RM Price Performance

The company has a 50 day moving average price of GBX 96.06 and a 200 day moving average price of GBX 104.28. The company has a market capitalization of £83.63 million, a price-to-earnings ratio of -1.80, a PEG ratio of 0.40 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 233.16.

RM (LON:RM) last announced its earnings results on Thursday, March 5th. The company reported GBX 4.90 earnings per share for the quarter. RM had a net margin of 1.35% and a return on equity of 10.33%. As a group, equities research analysts forecast that RM plc will post 13.5042735 earnings per share 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.