RM (LON:RM) Stock Price Crosses Above 50-Day Moving Average of $284.53

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RM plc (LON:RM) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $284.53 and traded as high as $290.00. RM shares last traded at $290.00, with a volume of 27,281 shares trading hands.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 373 ($4.91) price objective (up previously from GBX 330 ($4.34)) on shares of RM in a research note on Monday, February 3rd.

The company has a debt-to-equity ratio of 34.48, a current ratio of 1.08 and a quick ratio of 0.57. The company has a market cap of $240.72 million and a price-to-earnings ratio of 12.61. The stock has a 50-day moving average price of GBX 284.77 and a 200 day moving average price of GBX 277.79.

The firm also recently disclosed a dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, March 12th will be given a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from RM’s previous dividend of $2.00. This represents a dividend yield of 2.12%. RM’s payout ratio is currently 0.35%.

RM Company Profile (LON:RM)

RM plc supplies products, services, and solutions to educational markets in the United Kingdom and internationally. The company operates through three divisions: RM Resources, RM Results, and RM Education. The RM Resources division provides curriculum and education resources for schools and nurseries through direct sales force, online, and direct catalogue.

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