The Rank Group (LON:RNK) Stock Price Passes Above 200-Day Moving Average of $74.53

The Rank Group Plc (LON:RNK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 74.53 ($0.97) and traded as high as GBX 82.05 ($1.07). The Rank Group shares last traded at GBX 78.40 ($1.03), with a volume of 231,075 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of The Rank Group in a research note on Thursday, August 15th.

The Rank Group Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.47 and a debt-to-equity ratio of 58.20. The company has a market cap of £379.43 million, a P/E ratio of 2,639.47, a price-to-earnings-growth ratio of 1.75 and a beta of 2.47. The company has a fifty day moving average of GBX 72.79 and a 200 day moving average of GBX 74.63.

The Rank Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.21%. The ex-dividend date is Thursday, September 19th. The Rank Group’s dividend payout ratio is presently 3,333.33%.

Insider Activity

In other The Rank Group news, insider Richard Harris acquired 30,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of GBX 76 ($0.99) per share, for a total transaction of £22,800 ($29,815.61). Company insiders own 60.50% of the company’s stock.

About The Rank Group

The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.