RM (LON:RM) Share Price Crosses Above 50-Day Moving Average – Here’s Why

RM plc (LON:RM) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 110.68 and traded as high as GBX 115. RM shares last traded at GBX 115, with a volume of 36,437 shares changing hands.

RM Price Performance

The company has a market cap of £96.30 million, a price-to-earnings ratio of -2.07, a PEG ratio of 0.40 and a beta of 2.19. The company’s 50 day moving average price is GBX 110.68 and its 200 day moving average price is GBX 102.93. The company has a current ratio of 1.00, a quick ratio of 0.38 and a debt-to-equity ratio of 543.30.

Insider Buying and Selling

In other news, insider Jamie Murray Wells acquired 17,436 shares of RM stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average price of GBX 102 per share, for a total transaction of £17,784.72. 20.14% of the stock is currently owned by insiders.

RM Company Profile

RM plc supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally. It operates through three divisions: RM TTS, RM Assessment, and RM Technology. The company designs and owns proprietary products for schools; and offers platform delivery of digital assessment and exam marking solutions for accreditors, educators, and learners. It also provides technical teaching solutions, in which it collaborates with teachers and educational experts to create learning resources; platform-based managed services, ICT solutions, and value-added reseller services to schools, authorities, and trusts.