Ritchie Bros. Auctioneers Incorporated (TSE:RBA – Get 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 Company Profile
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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