RB Global (TSE:RBA) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• RB Global's stock price has recently surpassed its 200-day moving average, indicating a positive trend, with shares trading at C$150.74.
• The company has a market capitalization of C$27.98 billion and a price-to-earnings ratio of 74.26, showcasing a significant valuation measure.
• RB Global operates over 40 live auction sites across more than 12 countries, expanding its range of services beyond industrial equipment to include construction and agricultural machinery.

RB Global, Inc. (TSE:RBA - NYSE: RBA's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$147.48 and traded as high as C$150.79. RB Global shares last traded at C$150.74, with a volume of 318,728 shares traded.

RB Global Price Performance

The company has a debt-to-equity ratio of 74.28, a quick ratio of 1.00 and a current ratio of 1.28. The stock has a market capitalization of C$27.98 billion, a price-to-earnings ratio of 74.26, a P/E/G ratio of 2.43 and a beta of 0.32. The company has a 50-day moving average of C$156.78 and a 200-day moving average of C$147.48.

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.

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