RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$146.34 and traded as high as C$163.99. RB Global shares last traded at C$162.24, with a volume of 282,234 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial lowered RB Global from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, RB Global currently has a consensus rating of “Hold”.

RB Global Price Performance

The company has a debt-to-equity ratio of 74.28, a quick ratio of 1.00 and a current ratio of 1.28. The firm has a fifty day simple moving average of C$154.57 and a 200 day simple moving average of C$146.34. The company has a market capitalization of C$30.11 billion, a PE ratio of 79.92, a P/E/G ratio of 2.43 and a beta of 0.32.

About RB Global

Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet.