Ritchie Bros. Auctioneers (TSE:RBA) Stock Crosses Above 200 Day Moving Average of $76.70

Ritchie Bros. Auctioneers Incorporated (TSE:RBAGet Rating) (NYSE:RBA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$76.70 and traded as high as C$93.50. Ritchie Bros. Auctioneers shares last traded at C$93.41, with a volume of 247,099 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares downgraded shares of Ritchie Bros. Auctioneers to a “sell” rating and set a C$56.00 target price on the stock. in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$65.40.

Ritchie Bros. Auctioneers Stock Performance

The company’s fifty day moving average price is C$82.87 and its two-hundred day moving average price is C$76.70. The company has a debt-to-equity ratio of 141.24, a quick ratio of 0.88 and a current ratio of 1.21. The firm has a market capitalization of C$10.35 billion and a PE ratio of 26.84.

Ritchie Bros. Auctioneers (TSE:RBAGet Rating) (NYSE:RBA) last released its quarterly earnings results on Monday, May 9th. The company reported C$2.03 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.12 by C$1.91. The company had revenue of C$498.99 million for the quarter, compared to analyst estimates of C$443.01 million. As a group, equities analysts expect that Ritchie Bros. Auctioneers Incorporated will post 2.5233446 earnings per share for the current year.

Ritchie Bros. Auctioneers Company Profile

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Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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