RS Group (LON:RS1) Stock Price Down 5.3% - What's Next?

RS Group plc (LON:RS1 - Get Free Report) shares were down 5.3% during trading on Wednesday . The stock traded as low as GBX 569.47 ($7.71) and last traded at GBX 570 ($7.72). Approximately 804,377 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,069,431 shares. The stock had previously closed at GBX 602 ($8.15).

Analyst Upgrades and Downgrades

Separately, Shore Capital raised RS Group to a "buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 840 ($11.37).

RS Group Stock Performance

The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.26. The firm's fifty day moving average is GBX 540.34 and its 200 day moving average is GBX 625.91. The company has a market cap of £2.59 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

RS Group (LON:RS1 - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported GBX 39.10 ($0.53) earnings per share for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

Insider Activity

In other RS Group news, insider Kate Ringrose acquired 6,880 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of GBX 578 ($7.82) per share, with a total value of £39,766.40 ($53,832.95). Also, insider Miles Roberts purchased 7,860 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of GBX 578 ($7.82) per share, with a total value of £45,430.80 ($61,501.02). Company insiders own 0.52% of the company's stock.

About RS Group

RS Group plc is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably. We operate in 36 markets, stock over 800,000 technical and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers.