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

RM plc (LON:RM)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 97.56 and traded as high as GBX 97.60. RM shares last traded at GBX 94, with a volume of 74,565 shares traded.

RM Price Performance

The firm has a market capitalization of £79.40 million, a PE ratio of -1.71, a PEG ratio of 0.40 and a beta of 1.60. The company has a debt-to-equity ratio of 233.16, a current ratio of 1.12 and a quick ratio of 0.38. The firm has a 50-day simple moving average of GBX 97.56 and a 200-day simple moving average of GBX 104.46.

RM (LON:RM) last issued its quarterly earnings results on Thursday, March 5th. The company reported GBX 4.90 earnings per share for the quarter. RM had a net margin of 1.35% and a return on equity of 10.33%. As a group, equities analysts forecast that RM plc will post 13.5042735 earnings per share for the current year.

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.