RS Group (LON:RS1) Trading Down 5.3% – Here’s What Happened

RS Group plc (LON:RS1)’s stock price dropped 5.3% during trading on Wednesday . The company traded as low as GBX 569.47 ($7.64) and last traded at GBX 570 ($7.64). 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 ($8.07).

Analyst Ratings Changes

Separately, Shore Capital raised shares of RS Group to a “buy” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, RS Group has an average rating of “Moderate Buy” and a consensus target price of GBX 840 ($11.26).

RS Group Stock Performance

The firm’s 50 day moving average price is GBX 541.88 and its 200-day moving average price is GBX 627.83. The firm has a market cap of £2.69 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 47.26, a current ratio of 2.01 and a quick ratio of 1.24.

RS Group (LON:RS1) last announced its quarterly earnings data on Wednesday, May 21st. The company reported GBX 39.10 ($0.52) earnings per share (EPS) for the quarter. RS Group had a net margin of 6.24% and a return on equity of 12.99%.

Insiders Place Their Bets

In other news, insider Kate Ringrose bought 6,880 shares of RS Group stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of GBX 578 ($7.75) per share, for a total transaction of £39,766.40 ($53,327.61). Also, insider Miles Roberts bought 7,860 shares of RS Group stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of GBX 578 ($7.75) per share, for a total transaction of £45,430.80 ($60,923.70). Corporate insiders own 0.52% of the company’s stock.

RS Group Company Profile

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.