RM (LON:RM) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• RM plc shares fell below their 200-day moving average on Thursday, dropping to as low as GBX 96.50 versus a 200-day average of GBX 104.57. The stock last traded at GBX 99 after a volume of 34,782 shares.
• The company’s recent financial metrics show a mixed picture, with a market cap of £83.63 million, a negative P/E of -1.80, and a high debt-to-equity ratio of 233.16. Its current ratio of 1.12 and quick ratio of 0.38 suggest limited near-term liquidity.
• RM reported GBX 4.90 EPS for the quarter in its latest earnings release, with analysts forecasting 13.5042735 EPS for the current fiscal year. The company serves educational markets across multiple regions through its RM TTS, RM Assessment, and RM Technology divisions.

RM plc (LON:RM - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 104.57 and traded as low as GBX 96.50. RM shares last traded at GBX 99, with a volume of 34,782 shares changing hands.

RM Stock Up 3.1%

The firm has a 50-day simple moving average of GBX 96.26 and a 200 day simple moving average of GBX 104.57. The company has a market capitalization of £83.63 million, a PE ratio of -1.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.60. The company has a debt-to-equity ratio of 233.16, a current ratio of 1.12 and a quick ratio of 0.38.

RM (LON:RM - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported GBX 4.90 earnings per share (EPS) for the quarter. RM had a return on equity of 10.33% and a net margin of 1.35%. On average, research analysts predict that RM plc will post 13.5042735 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.