RS Group (LON:RS1) Shares Down 4.8% – Time to Sell?

Shares of RS Group plc (LON:RS1) were down 4.8% on Wednesday . The company traded as low as GBX 547 and last traded at GBX 558.50. Approximately 63,223,320 shares were traded during mid-day trading, an increase of 820% from the average daily volume of 6,875,078 shares. The stock had previously closed at GBX 586.50.

RS Group Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 39.74. The company has a market cap of £2.62 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.85 and a beta of 0.69. The business has a fifty day moving average of GBX 661.93 and a 200 day moving average of GBX 614.30.

About RS Group

RS Group plc is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 36 markets, stock over 800,000 technical and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.