RB Global (TSE:RBA) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• RB Global's shares have recently crossed above the 200-day moving average, trading at C$162.24 after reaching a high of C$163.99.
• The National Bank Financial has downgraded RB Global from a "strong-buy" to a "hold" rating, and the overall consensus rating is currently "Hold."
• RB Global has a market capitalization of C$30.11 billion and a PE ratio of 79.92, indicating a potentially overvalued position in the market.

Shares of RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$146.34 and traded as high as C$163.99. RB Global shares last traded at C$162.24, with a volume of 282,234 shares traded.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, RB Global has an average rating of "Hold".

RB Global Stock Performance

The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 74.28. The firm's 50-day moving average is C$155.93 and its two-hundred day moving average is C$146.76. The stock has a market cap of C$30.20 billion, a price-to-earnings ratio of 80.15, a P/E/G ratio of 2.43 and a beta of 0.32.

About RB Global

Ritchie Bros. operates the world's leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet.