RM (LON:RM) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• RM plc's share price has dropped below its 200-day moving average, reaching a low of GBX 96.50 ($1.30), indicating potential weakness in the stock's performance.
• The company reported a negative earnings per share (EPS) of GBX (2) in its last quarterly earnings, reflecting ongoing financial challenges.
• RM plc operates in the educational market providing products and services across various global regions, including the UK, Europe, and North America.

Shares of RM plc (LON:RM - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 100.82 ($1.37) and traded as low as GBX 96.50 ($1.31). RM shares last traded at GBX 96.50 ($1.31), with a volume of 3,654 shares traded.

RM Stock Up 5.0%

The company has a debt-to-equity ratio of 543.30, a current ratio of 1.00 and a quick ratio of 0.38. The business's 50 day simple moving average is GBX 97.11 and its 200 day simple moving average is GBX 100.58. The company has a market capitalization of £89.54 million, a PE ratio of -1.93, a P/E/G ratio of 0.40 and a beta of 2.19.

RM (LON:RM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported GBX (2) 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, analysts anticipate that RM plc will post 13.5042735 earnings per share for the current fiscal 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.