RM (LON:RM) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

RM plc (LON:RM) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 80.49 ($1.05) and traded as low as GBX 78.50 ($1.03). RM shares last traded at GBX 81 ($1.06), with a volume of 6,165 shares trading hands.

RM Price Performance

The company has a debt-to-equity ratio of 543.30, a current ratio of 1.00 and a quick ratio of 0.38. The company’s 50 day simple moving average is GBX 80.42 and its 200 day simple moving average is GBX 80.67. The company has a market capitalization of £66.82 million, a PE ratio of -139.66, a price-to-earnings-growth ratio of 0.40 and a beta of 2.19.

Insider Buying and Selling

In other news, insider Mark Cook bought 3,572 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of GBX 83 ($1.08) per share, for a total transaction of £2,964.76 ($3,871.45). 20.14% of the stock is owned by company 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.