RB Global (TSE:RBA) Share Price Passes Above 200 Day Moving Average – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$118.73 and traded as high as C$129.61. RB Global shares last traded at C$129.30, with a volume of 154,954 shares trading hands.

RB Global Trading Down 0.1 %

The stock has a market capitalization of C$23.80 billion, a PE ratio of 52.51, a P/E/G ratio of 2.43 and a beta of 0.93. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 80.04. The stock has a 50 day moving average price of C$132.48 and a 200-day moving average price of C$118.88.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.392 per share. This is an increase from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, November 27th. RB Global’s payout ratio is currently 64.23%.

RB Global Company Profile

Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet.