RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

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

RB Global Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04. The business has a 50 day simple moving average of C$115.86 and a two-hundred day simple moving average of C$109.41. The firm has a market cap of C$24.09 billion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 27th. This is a boost from RB Global’s previous quarterly dividend of $0.37. RB Global’s payout ratio is 64.23%.

Insider Buying and Selling

In other RB Global news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total transaction of C$256,650.00. 0.29% of the stock is currently 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.