Robinson (LON:RBN) Shares Cross Above 50-Day Moving Average – Here’s Why

Robinson plc (LON:RBNGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 103.83 ($1.30) and traded as high as GBX 113.75 ($1.42). Robinson shares last traded at GBX 113.75 ($1.42), with a volume of 8,000 shares trading hands.

Robinson Stock Performance

The firm has a fifty day moving average of GBX 103.96 and a 200-day moving average of GBX 107.38. The company has a quick ratio of 1.41, a current ratio of 1.32 and a debt-to-equity ratio of 39.31. The stock has a market capitalization of £19.05 million, a price-to-earnings ratio of 3,791.67 and a beta of 0.72.

About Robinson

(Get Free Report)

Robinson plc engages in the manufacture and sale of plastic and paperboard packaging products in the United Kingdom, Poland, Denmark, Holland, Hungary, Belgium, and internationally. It provides various plastic packaging products comprising HDPE and PP bottles, and PET bottles; pots, tubs, and containers; caps, closures, and over caps; various jars; and custom packaging services.

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