RB Global (TSE:RBA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$109.02 and traded as high as C$130.12. RB Global shares last traded at C$127.62, with a volume of 216,575 shares traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded shares of RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

RB Global Stock Performance

The company has a market cap of C$23.51 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The firm has a 50-day simple moving average of C$115.32 and a 200 day simple moving average of C$109.02. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04.

RB Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.392 per share. The ex-dividend date is Wednesday, November 27th. This is a positive change from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.23%. RB Global’s dividend payout ratio (DPR) is 64.23%.

Insider Activity at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total transaction of C$256,650.00. 0.29% of the stock is owned by insiders.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.