RM (LON:RM) Share Price Passes Below 50-Day Moving Average of $283.80

RM plc (LON:RM)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $283.80 and traded as low as $280.00. RM shares last traded at $284.00, with a volume of 21,523 shares trading hands.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 373 ($4.91) target price (up previously from GBX 330 ($4.34)) on shares of RM in a research note on Monday, February 3rd.

The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 34.48. The firm has a fifty day moving average price of GBX 284.05 and a 200 day moving average price of GBX 275.94. The firm has a market cap of $238.21 million and a PE ratio of 12.61.

The business also recently disclosed a dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, March 12th will be issued a GBX 6 ($0.08) dividend. This is a positive change from RM’s previous dividend of $2.00. This represents a yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 12th. RM’s payout ratio is 0.35%.

RM Company Profile (LON:RM)

RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.

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