RM (LON:RM) Share Price Breaks Below 200-Day Moving Average – Here’s Why

RM plc (LON:RM)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 99.42 and traded as low as GBX 98. RM shares last traded at GBX 98, with a volume of 11,520 shares trading hands.

RM Trading Up 1.5%

The company has a market capitalization of £84.05 million, a price-to-earnings ratio of -1.81, a PEG ratio of 0.40 and a beta of 1.66. The firm has a 50-day moving average price of GBX 101.57 and a 200-day moving average price of GBX 99.42. The company has a current ratio of 1.04, a quick ratio of 0.38 and a debt-to-equity ratio of 248.73.

Insiders Place Their Bets

In related news, insider Mark Cook sold 19,952 shares of RM stock in a transaction dated Monday, October 5th. The stock was sold at an average price of GBX 100, for a total transaction of £19,952. 20.14% of the stock is owned by corporate 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. 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.