RM (LON:RM) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• RM plc's shares fell below their 200-day moving average of GBX 101.09 ($1.36), trading as low as GBX 99 ($1.33) during recent sessions, indicating potential volatility.
• The company reported earnings per share of GBX (2) with a negative net margin of 24.97%, reflecting ongoing financial struggles.
• RM plc has a market capitalization of £85.32 million and a high debt-to-equity ratio of 543.30, raising concerns about financial stability.

RM plc (LON:RM - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 101.09 ($1.36) and traded as low as GBX 99 ($1.33). RM shares last traded at GBX 101 ($1.36), with a volume of 614,666 shares traded.

RM Stock Down 3.8%

The company has a current ratio of 1.00, a quick ratio of 0.38 and a debt-to-equity ratio of 543.30. The firm has a market capitalization of £85.32 million, a price-to-earnings ratio of -1.84, a PEG ratio of 0.40 and a beta of 2.19. The stock has a fifty day moving average of GBX 98.22 and a 200-day moving average of GBX 101.09.

RM (LON:RM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported GBX (2) earnings per share (EPS) for the quarter. RM had a negative return on equity of 311.10% and a negative net margin of 24.97%. As a group, sell-side analysts expect that RM plc will post 13.5042735 EPS for the current year.

RM Company Profile

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.

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.