RB Global (TSE:RBA) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• RB Global's stock has recently crossed above its 200-day moving average of C$141.04, reaching a high of C$149.51 during trading.
• The company's share rating was downgraded from a "strong-buy" to a "hold" by National Bank Financial on May 25th.
• RB Global operates the world's leading marketplace for heavy equipment, with over 40 live auction sites across more than 12 countries.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$141.04 and traded as high as C$149.51. RB Global shares last traded at C$149.39, with a volume of 186,356 shares.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut shares of RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th.

RB Global Stock Down 0.4%

The stock has a market capitalization of C$19.30 billion, a P/E ratio of 65.64, a P/E/G ratio of 2.43 and a beta of 0.93. 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 stock's 50 day simple moving average is C$145.95 and its 200 day simple moving average is C$141.36.

RB Global Company Profile

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.