RB Global (TSE:RBA) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• RB Global's stock price has recently surpassed its 200-day moving average of C$147.79, reaching a high of C$148.48 during trading.
• The company's market cap stands at C$27.31 billion, with a price-to-earnings ratio of 72.68, indicating high valuation compared to earnings.
• RB Global operates the world's leading marketplace for heavy equipment, expanding its services from live auctions to online platforms across over 12 countries.

RB Global, Inc. (TSE:RBA - NYSE: RBA's stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$147.79 and traded as high as C$148.48. RB Global shares last traded at C$147.54, with a volume of 241,433 shares changing hands.

RB Global Stock Down 0.0%

The firm has a 50 day simple moving average of C$156.83 and a two-hundred day simple moving average of C$147.79. The company has a debt-to-equity ratio of 74.28, a current ratio of 1.28 and a quick ratio of 1.00. The stock has a market cap of C$27.31 billion, a price-to-earnings ratio of 72.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.