RM (LON:RM) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

RM plc (LON:RM)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 110.68 and traded as high as GBX 115. RM shares last traded at GBX 115, with a volume of 36,437 shares traded.

RM Stock Down 0.9%

The firm has a 50 day moving average of GBX 110.68 and a two-hundred day moving average of GBX 102.93. The stock has a market capitalization of £96.30 million, a PE ratio of -2.07, a P/E/G ratio of 0.40 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 0.38 and a debt-to-equity ratio of 543.30.

Insider Buying and Selling at RM

In other news, insider Jamie Murray Wells purchased 17,436 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of GBX 102 per share, for a total transaction of £17,784.72. 20.14% of the stock is currently owned by corporate insiders.

About RM

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.