RM (LON:RM) Share Price Crosses Below 50 Day Moving Average of $285.11

RM plc (LON:RM)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $285.11 and traded as low as $284.00. RM shares last traded at $285.00, with a volume of 37,835 shares.

Separately, Peel Hunt boosted their price objective on RM from GBX 270 ($3.55) to GBX 330 ($4.34) and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

The company has a debt-to-equity ratio of 54.85, a current ratio of 1.06 and a quick ratio of 0.53. The company has a market cap of $239.04 million and a price-to-earnings ratio of 12.90. The business has a 50 day simple moving average of GBX 284.72 and a 200 day simple moving average of GBX 269.65.

About RM (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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